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Fly News Breaks for May 9, 2018
TEN
May 9, 2018 | 07:47 EDT
As previously reported, Morgan Stanley analyst Armintas Sinkevicius upgraded Tenneco to Equal Weight from Underweight, noting that he believes the next few quarters are going to be constructive for U.S. auto suppliers. Tenneco is down about 20% since the announcement to acquire Federal Mogul and spin off the Aftermarket & Ride Performance business, noted Sinkevicius, who has a $41 price target on the shares.
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