Sensata price target lowered to $38 from $46 at Truist

Truist lowered the firm’s price target on Sensata to $38 from $46 and keeps a Hold rating on the shares. The company’s Q2 results were “ok”, though its Q3 outlook was “a bit light” and the firm preferred to hear a clearer explanation of Sensata’s $26M restructuring charge, the analyst tells investors in a research note.