Stifel analyst Nathan Janes reiterated a Buy rating and $61.00 price target on Cooper-Standard Holdings Inc. (NYSE: CPS)

The analyst commented, "We reiterate our Buy rating and $61 target price on CPS shares. We were fortunate to host CEO Jeff Edwards, CFO Jon Banas, and IR Roger Hendrickson for investor meetings in Boston this week. We come away reinforced in our view of substantial revenue growth, margin expansion, and balance sheet deleveraging ahead which we believe should accrue significant shareholder returns over the next few years. CPS remains a Stifel Select list pick and one of our top equity ideas."

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Shares of Cooper-Standard Holdings Inc. closed at $30.61 yesterday.