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Fly News Breaks for September 11, 2018
ST
Sep 11, 2018 | 07:38 EDT
JPMorgan analyst Samik Chatterjee raised his price target for Sensata to $69 after hosting meetings with management. The analyst left the meetings incrementally positive on the company's ability to hit its fiscal 2018 and three year outlook despite recent weakness in automotive production. Further, he believes increasing content opportunities for Sensata on electric vehicles will help to push-back on a key argument of the bear thesis. Chatterjee reiterates an Overweight rating on the shares.
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