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Fly News Breaks for December 17, 2019
Dec 17, 2019 | 06:50 EDT
RBC Capital analyst Joseph Spak initiated coverage of Sensata with an Outperform rating and $62 price target. The analyst believes that the company can return to organic growth and margin expansion in the second half of 2020 with "secular" opportunities such as electrification. Spak also contends that Sensata's strong free cash flows may allow the company to diversify away from its staple auto business and support its multiple expansion.
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