Sensata upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded Sensata Technologies to Outperform from In Line with a price target of $60, up from $44. The company is on a path to better and more consistent execution that should help unlock multiple expansion over the next few years, the analyst tells investors in a research note. While the involvement of Elliott Management should bring added discipline, irrespective of that, the path to $60 per share “is straightforward” with more earnings beats and in-line guides, contends the firm.