- KeyBanc says it's even more confident on auto suppliers after conducting a round of channel checks.
- The investment firm keeps Overweight ratings on Tenneco (NYSE:TEN), Gentex (NASDAQ:GNTX), BorgWarner (NYSE:BWA), Lear (NYSE:LEA), Delphi Automotive (NYSE:DLPH) and Magna International (NYSE:MGA).
- Price target changes: Tenneco to $80 from $74, Gentex to $25 from $21, Lear to $180 from $150.
- Earlier today, Ford announced that it's launching an auto parts brand on the retail side to sell parts on all cars.