KeyBanc Starts Cooper-Standard Holdings Inc. (CPS) at Sector Weight

KeyBanc initiated coverage on Cooper-Standard Holdings Inc. (NYSE: CPS) with a Sector Weight rating. Analyst Brett D. Hoselton said momentum appears mostly discounted into shares.

"We are initiating coverage of Cooper-Standard Holdings Inc. with a SW rating as: 1) organic growth in line to slightly above light vehicle production growth appears sustainable; 2) continued EBITDA margin improvement at the ~50 bps level annually stems primarily from operational efficiencies; 3) an experienced and shareholder focused management team is prioritizing M&A with a healthy 1.1x levered balance sheet and positive free cash flow; and 4) valuation gap vs. peers has improved recently and appears properly set," said Hoselton.

For an analyst ratings summary and ratings history on Cooper-Standard Holdings Inc. click here. For more ratings news on Cooper-Standard Holdings Inc. click here.

Shares of Cooper-Standard Holdings Inc. closed at $73.28 yesterday.

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