Stifel analyst Matthew Sheerin downgraded Sensata Technologies to Hold from Buy with an unchanged price target of $55. Given continued macro risk and lack of a significant positive catalyst on the horizon, the shares are fairly valued after rallying 30% year-to-date, the analyst tells investors in a research note. The firm still sees some risk to forward consensus numbers, particularly given the macro environment and further weakness within appliance/HVAC markets.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ST: