US: Bank lifts supplier outlook to attractive

US financial services company Morgan Stanley has lifted its outlook on the US auto supplier sector to 'Attractive' from 'In-Line', citing a stronger-than-expected revival in margins. Analyst Ravi Shanker believes that auto suppliers are now able to be profitable at lower levels of production. The investment bank boosted annual earnings expectations It’s time to log … Continued

• By Webmaster
• June 16, 2010