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KeyBanc confident on auto suppliers

Jan. 24, 2017 9:04 AM ETTenneco Inc. (TEN) StockLEA, MGA, BWA, GNTX, TEN, DLPHBy: Clark Schultz, SA News Editor1 Comment
  • 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.

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