Tenneco (TEN) PT Lowered to $47 at RBC Capital
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Price: $41.45 +1.57%
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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RBC Capital analyst Joseph Spak lowered the price target on Tenneco (NYSE: TEN) to $47.00 (from $50.00) while maintaining a Sector Perform rating.
Spak said while they like the strategic and industrial logic of the Federal-Mogul deal and future spin, they don't see an immediate catalyst, as cycle and secular fears persist.
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