Oppenheimer Downgrades Sensata Technologies (ST) to Perform
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Rating Summary:
13 Buy, 11 Hold, 2 Sell
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Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
13 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Oppenheimer downgraded Sensata Technologies (NYSE: ST) from Outperform to Perform on a weaker near-term outlook.
The firm cut 2012E EPS to $2.10 from $2.20, on EUR FX headwind and industry outlook for 1Q EU light vehicle production. "We believe we have factored in some contingency for EU LV annual production and erred cautiously on 2012 estimates, pending guidance update when ST reports 4Q11 on 2/1/12."
For an analyst ratings summary and ratings history on Sensata Technologies click here. For more ratings news on Sensata Technologies click here.
Shares of Sensata Technologies closed at $29.44 yesterday.
The firm cut 2012E EPS to $2.10 from $2.20, on EUR FX headwind and industry outlook for 1Q EU light vehicle production. "We believe we have factored in some contingency for EU LV annual production and erred cautiously on 2012 estimates, pending guidance update when ST reports 4Q11 on 2/1/12."
For an analyst ratings summary and ratings history on Sensata Technologies click here. For more ratings news on Sensata Technologies click here.
Shares of Sensata Technologies closed at $29.44 yesterday.
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