Sensata price target lowered to $33 from $38 at Truist

Truist analyst William Stein lowered the firm’s price target on Sensata (ST) to $33 from $38 and keeps a Hold rating on the shares after its in-line results. The company demonstrates improving execution though its end markets falter again and its Q4 guidance below expectations, even when contemplating for the Insights divestiture, the analyst tells investors in a research note. The challenge for Sensata is the same as one seen in semis so far this quarter, namely weakening demand in autos and industrial end markets, the firm added.