Sensata price target raised to $35 from $27 at Truist

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Truist raised the firm’s price target on Sensata (ST) to $35 from $27 and keeps a Hold rating on the shares. The company delivered a clear but modest Q2 upside and even more modest upside to Q3 guidance, the analyst tells investors in a research note. While the refreshed operational and financial targets are less aspirational than the firm hoped, the positive spin would be that the company is no longer over-promising, Truist added.

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