Sensata price target raised to $55 from $50 at Oppenheimer

Oppenheimer raised the firm’s price target on Sensata (ST) to $55 from $50 and keeps an Outperform rating on the shares. The firm notes all three segments delivered positive organic growth. Sensata continues serving vitalized sales/EPS quality and resilience, with Q1 above estimates for both metrics, reflecting the significantly entrenched operating improvements and continuous assimilation of structural productivity across the organization, Oppenheimer adds. The firm expects this progress, now culturally normalized, affords significant investor margin of safety at the current valuation.