As previously reported, Morgan Stanley analyst Armintas Sinkevicius upgraded Tenneco to Equal Weight from Underweight with an unchanged $9 price target. The stock trades at the lowest multiple among the auto suppliers he covers, with the shares being down about 65% year-to-date, the analyst noted. The debate this year has been centered around the spin of DRiV, but he believes "the desire to spin is there," Sinkevicius tells investors. More broadly on the sector, Sinkevicius noted that 8 of the 10 auto suppliers he follows lowered their guidance for the full year and suppliers' stocks have traded down about 11% since Q2 results. While the sector is entering a period of easing comps, the environment in China remains uncertain and he has a negative bias into year end and 2020, Sinkevicius said.