Sensata price target lowered to $44 from $47 at Oppenheimer

Oppenheimer analyst Christopher Glynn lowered the firm’s price target on Sensata (ST) to $44 from $47 and keeps an Outperform rating on the shares. The firm notes Lightened Performance Sensing markets impacted Q4 guidance by about $30M vs. previous outlook. On the heels of EV business model development, and supply chain crisis, Sensata’s focus currently targets overall production efficiencies, selective automation investments, and financial process improvements, Oppenheimer adds.