Tenneco (TEN) is witnessing revenue improvements and succeeding in reducing cost and restructuring activities. The company has consistently won more commercial vehicle business than anticipated.
Moreover, diversification has also proved to be a major positive. These factors helped the company to outperform the Zacks Consensus Estimate in the most recent quarter by a significant margin of $0.10 per share.
As such, we have upgraded the recommendation on the shares from Neutral to Outperform and set a target price of $28.Zacks Investment Research
