Stoneridge falls 9% as analyst downgrades auto parts sector
Shares of Stoneridge Inc. (NYSE:SRI) dipped nearly 9% this morning after an analyst downgraded the stock to "underperform" from "neutral."
Robert W. Baird & Co.'s David Leiker reportedly downgraded the entire auto parts sector, citing uncertainty about the U.S. economy and the auto market.
At mid-morning, Warren, Ohio-based Stoneridge is at $12.87, down $1.26 from Tuesday's close. The stock has ranged between $6.86 and $19.36 during the past 52 weeks.
For detailed price information and news stories on Stoneridge, click SRI.
Robert W. Baird & Co.'s David Leiker reportedly downgraded the entire auto parts sector, citing uncertainty about the U.S. economy and the auto market.
At mid-morning, Warren, Ohio-based Stoneridge is at $12.87, down $1.26 from Tuesday's close. The stock has ranged between $6.86 and $19.36 during the past 52 weeks.
For detailed price information and news stories on Stoneridge, click SRI.
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Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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