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Goldman Sachs Downgrades Tenneco (TEN) to Neutral

July 16, 2013 7:55 AM EDT Send to a Friend
Get Alerts TEN Hot Sheet
Price: $68.64 +0.63%

Rating Summary:
    9 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 38 | New: 43
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Goldman Sachs downgraded Tenneco (NYSE: TEN) from Buy to Neutral with a price target of $55.00 (from $50.00) on valuation as growth outlook remains intact.

The firm notes shares are up 43% YTD and 102% since the trough of last year versus the S&P500 18% YTD and 31% since trough and now reflecting stronger EBIT conversion on top line growth.

For an analyst ratings summary and ratings history on Tenneco click here. For more ratings news on Tenneco click here.

Shares of Tenneco closed at $49.76 yesterday.




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