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Fly News Breaks for December 13, 2017
ST
Dec 13, 2017 | 08:56 EDT
Following an "upbeat" investor day where Sensata guided to mid-single digit organic revenue growth and low-double digit EPS growth over the next three years, Stifel analyst Matthew Sheerin raised his forward estimates and increased his price target on the stock to $60 from $55. Sheerin, who thinks additional steady results following more consistent financial performance in recent quarters should help push up the stock's multiple, keeps a Buy rating on Sensata shares.
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