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Fly News Breaks for July 8, 2015
ST
Jul 8, 2015 | 08:06 EDT
Oppenheimer believes that Sensata's stock has dropped due to the company's Q2 guidance which just captured the consensus outlook at its high end. As a result, the company is implying that its results will improve in 2H15, enabling it to meet its annual guidance, the firm stated. Oppenheimer believes that the company's view makes sense, as the firm thinks that it has a number of positive catalysts in 2H15. The firm keeps a $66 price target and Outperform rating on the stock.
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