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Article: Standard Motor with a Good Outlook - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- March 7, 2007
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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Standard Motor with a Good Outlook - Analyst Blog
Auto-parts manufacturer
Standard Motor
(
SMP
) had, several weeks ago, been upgraded to a Buy rating by Zacks senior automotive analyst Paul Raman, CFA. In his latest research report, he explains why he remains bullish on the company:
Standard Motor Products has reduced costs by $55 million due to the successful integration of the Dana Engine Management business. The company also has strong brand recognition and a less cyclical end-market within the auto and auto parts industry. We believe the stock has further upside potential. Thus we rate shares of SMP a Buy, with a six-month target price of $16.50.
The company is a leader in ...
Related newspaper, magazine, and journal articles:
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Article: Standard Motor Products
PR Newswire;
May 22, 1997 ;
700+ words
... ... to customers." Standard Motor Products has been ... cannot be predicted. Standard Motor Products, Inc ... product groups include engine management systems, climate ... systems. SOURCE Standard Motor Products, Inc ...
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