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Sensata downgraded to Hold from Buy at Stifel
The Fly

Sensata downgraded to Hold from Buy at Stifel

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

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