Sensata recent multiple expansion sustainable, says Oppenheimer

theflyonthewall.com

Oppenheimer believes that Sensata's recent multiple expansion reflects the re-emergence of steady growth by the company, and it thinks the expansion is sustainable with potential runway The firm expects the company to benefit from steady content growth trends through 2016, and it raised its price target on the shares to $52 from $48 while keeping an Outperform rating on the stock.

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