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Stock Market & Financial Investment News

News Breaks
March 27, 2014
07:31 EDTSTSensata recent multiple expansion sustainable, says Oppenheimer
Oppenheimer believes that Sensata's recent multiple expansion reflects the re-emergence of steady growth by the company, and it thinks the expansion is sustainable with potential runway The firm expects the company to benefit from steady content growth trends through 2016, and it raised its price target on the shares to $52 from $48 while keeping an Outperform rating on the stock.
News For ST From The Last 14 Days
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March 23, 2015
06:03 EDTSTU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).

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