Sensata Technologies Faces Challenges Navigating EV Headwinds, Goldman Sachs Analyst Warns
April 10, 2024Goldman Sachs analyst Mark Delaney downgraded Sensata Technologies Holding Plc (NYSE:ST) to Neutral from Buy, lowering the price forecast to $36 from $44.
Delaney projects slower near to intermediate-term revenue growth in its North American auto business tied to EVs due to weaker near-term EV sales and some traditional OEMs delaying certain EV launches.…
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