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Fly News Breaks for October 16, 2019
Oct 16, 2019 | 07:48 EDT
As previously reported, Oppenheimer analyst Christopher Glynn downgraded Sensata to Perform from Outperform. The analyst believes that potentially emerging/lingering demand challenges across HVOR and Sensing Solutions markets, and the case for multiple expansion runs into counter arguments about free cash flow/ANI conversion, higher leverage vs. many peers, and potential for fluctuating FX impacts on EPS. Furthermore, Glynn also notes that current and long-term content growth spreads above end market production into vehicle markets supports capital preservation during market headwinds.
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