Stoneridge upgraded to Outperform from Market Perform at Barrington

Barrington analyst Gary Prestopino upgraded Stoneridge to Outperform from Market Perform with a price target range of $25-$30 post the Q2 report. Stoneridge is in the early stages of delivering consistent growth and has turned the corner in terms of its operational execution and long-term outlook, the analyst tells investors in a research note. The firm says the company’s adjusted sales growth in the quarter was driven by strong customer demand as well as price increases.