Bond.az reports: Barclays downgraded Sensata Technologies (NYSE:ST) to Equalweight from Overweight, raising its price target to $53 from $49.
The stock trades at $49.39, near its 52-week high, after a 92% surge over the past year.
Analyst Guy Hardwick noted Q1 organic growth of 4%, driven by aerospace/defense and HVOR segments.
Barclays raised its 2026 EPS estimate by 4 cents to $3.74, vs consensus of $3.70.
Revenue from datacenter sensors is not expected until mid-2027.
Weak auto production, representing 60% of sales, poses near-term headwinds.
Sensata reported Q1 EPS of $0.86 and revenue of $934.8 million, beating estimates.
