Sensata price target lowered to $41 from $44 at BofA

BofA lowered the firm’s price target on Sensata to $41 from $44 and keeps a Neutral rating on the shares. Despite weaker end markets, Sensata continues to deliver on a steady operating margin progression, says the analyst, who views margin targets an achievable, but also sees the long cycle products to “constrain a very quick path to materially higher growth/margins.”