Sensata price target lowered to $35 from $43 at Truist

Truist analyst William Stein lowered the firm’s price target on Sensata to $35 from $43 and keeps a Hold rating on the shares. The company delivered “reasonable” Q3 results but guided Q4 below the already-diminished outlook expressed at last month’s Analyst Day, the analyst tells investors in a research note. A new concern is that the content in China market EVs is lower than it is in global market ICEs, the firm added.