Sensata price target raised to $32 from $27 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on Sensata (ST) to $32 from $27 and keeps a Neutral rating on the shares. BofA expects Sensata to report Q2 results at the high end of guidance, the analyst tells investors in a research note. Positives of the new CEO and relatively low valuation are offset by negatives of slow improvement in growth and margins, the firm says.