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Fly News Breaks for January 3, 2017
TEN
Jan 3, 2017 | 08:39 EDT
KeyBanc believes that Tenneco's 2018 EPS can reach $7.90, driven by "new business wins and strong internal execution around margin improvement." The firm says that the company could reduce its industry production outlook, but it thinks that the stock can rise significantly over the longer term and it consequently recommends buying the shares on any weakness. KeyBanc raised its price target on the shares to $74 from $67 and keeps an Overweight rating on the stock.
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