B of A Securities Downgrades Sensata Technologies to Neutral, Announces $38 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan downgraded Sensata Technologies (NYSE:ST) from Buy to Neutral and set a price target of $38.
February 07, 2024 | 7:32 pm
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Sensata Technologies was downgraded from Buy to Neutral by B of A Securities, with a new price target of $38.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
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