Jefferies Starts Cooper-Standard Holdings Inc. (CPS) at Buy

Jefferies initiates coverage on Cooper-Standard Holdings Inc. (NYSE: CPS) with a Buy rating and a price target of $64.00.

Analyt Dan Dolev commented, "Initiating at BUY on CPS, a Tier 1 supplier. Our detailed fixed/variable cost analysis points to ~180bps EBITDA margin growth by '16 as new CEO, improved execution, investments in AP, JV consolidation, and a +75bps margin benefit from EU restructuring bear fruit. With CPS -22% vs. peak, existing shareholders potentially reducing stake may already be priced in."

For an analyst ratings summary and ratings history on Cooper-Standard Holdings Inc. click here. For more ratings news on Cooper-Standard Holdings Inc. click here.

Shares of Cooper-Standard Holdings Inc. closed at $55.16 yesterday.

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