Sensata initiated with an Overweight at Barclays

Barclays analyst Guy Hardwick initiated coverage of Sensata (ST) with an Overweight rating and $43 price target Sensata management is listening to investors and focusing on product areas where it has a sustainable competitive advantage and exiting those areas where it does not, which should improve sales mix and margins and lead to higher earnings, the analyst tells investors in a research note. This should in turn improve free cash flow conversion and lead to a return to growth in 2026, the firm added.