Sensata price target raised to $46 from $36 at Truist

Truist analyst William Stein raised the firm’s price target on Sensata to $46 from $36 and keeps a Hold rating on the shares. The company delivered a clean Q1 earnings beat and guided Q2 in-line with consensus, with this “very good” result driving a “relief rally”, the analyst tells investors in a research note. Activist Elliott’s involvement also “stirs imagination” as to what can be done to unlock value for this company, the firm added.