Evercore ISI analyst Amit Daryanani cut the company’s interest rate price target on Sensata (ST) from $43 to $40 and maintains an Outperform rating on the stock. The company remains constructive on companies involved in broader enterprise IT and AI-related infrastructure spending and thinks the setup for the fourth quarter “remains favorable,” with expectations for flat or modest profits, the analyst tells investors. However, the firm suspects that businesses will take “a more cautious and cautious stance” on the outlook for the 2025 calendar year given continued uncertainty, especially on the government spending side, the analyst added.
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