Roth Capital analyst Matt Koranda said Tower International's Q4 results were "noisy," which he attributes to the divestiture of its Europe segment and reinstatement of Brazil. Though the 2019 adjusted EBITDA outlook was "slightly soft," Koranda said he doesn't view that as a source of long-term concern. On the other hand, the 2020 outlook was well ahead of his expectations and gives a window into the company's "intrinsic earnings power," said the analyst, who thinks the selloff in the shares has been overdone. He reiterates a Buy rating on Tower International with a $32 price target, down from $37 previously.