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KeyBanc Starts CTS Corp (CTS) at Hold

November 30, 2012 7:14 AM EST Send to a Friend
Get Alerts CTS Hot Sheet
Price: $18.04 +0.89%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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KeyBanc initiates coverage on CTS Corp (NYSE: CTS) with a Hold.

The firm comments, "Overall, we believe CTS is a quality provider of specialized components and manufacturing services and is on track to steadily improve its operating profile through a combination of improved mix, cost reductions and new program wins. We think the Company is in the early stages of establishing a track record of successfully engineering and marketing its value-added components and sensors as indicated by its improving mix of platform wins associated with this segment. We think the strong management team, effective execution and focus on continuous cost reductions will likely provide a solid foundation for long-term earnings growth. While we would expect CTS to demonstrate some measure of earnings growth driven by the ramp of new program wins in FY13, we think current First Call estimates have already captured this expectation."

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

Shares of CTS Corp closed at $8.82 yesterday.




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