Interior sensors are an underappreciated auto tech growth segment, Jefferies analyst David Kelley tells investors in a research note. With synergies across less cyclical non-auto markets, suppliers with sensor exposure, Sensata Technologies (ST) TE Connectivity ((TEL), are "worth a revisit given favorable scarcity value in the event of prolonged auto downturn," adds the analyst. He remains bullish on Buy-rated Sensata and boosted his price target for the shares to $62 from $59. The analyst boosted his target for TE Connectivity to $84 from $79 but keeps a Hold rating on the shares citing a "tough fiscal comp hurdle."

BofA raised the firm's price target on TE Connectivity to $161 from $155 and keeps a Buy rating on the shares. Fiscal Q2 results showed quarter-over-quarter order growth in all segments and the firm is expecting steady margins for the rest of FY24, the analyst tells investors in a post-earnings note.

Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here

Sees Q3 revenue $4B, consensus $4.11B. The company said, "For the third quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.71, up 2% year over year, with adjusted EPS of approximately $1.85, up 5% year over year. Third quarter guidance includes a $0.15 year-over-year headwind from tax and currency exchange rates."