Oppenheimer upgraded Sensata Technologies to Outperform from Perform with a $50 price target. The analyst cites the company’s “significant ramp” in new business wins over the past several years, capital allocation pivot to debt reduction, and solid positioning for margin performance for the upgrade. Sensata is the leading independent global sensors player and is positioned for 40% incremental operating leverage in 2024, the analyst tells investors in a research note.
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