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>> GOLDMAN SACHS Latest News

JAN 11, 2013 - Benzinga

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UPDATE: Goldman Sachs Downgrades Tenneco to Buy, Reiterates $42 PT

In a report published Friday, Goldman Sachs Group downgraded its rating on Tenneco (NYSE: TEN) from Conviction Buy to Buy, and reiterated its $42.00 price target. Goldman Sachs noted, “The primary reason for the downgrade is our expectation for further downward estimate revisions in 1H13 driven by destocking in the global off-highway market.

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