What should we make of today’s market conditions? Investors are digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include the ongoing Congressional budget battles, lingering inflation, the evaporation of consumer savings and purchasing power, and concerns over China’s incendiary combination of slowing growth, geopolitical ambition, and approaching demographic collapse. T
Stifel cut the price target for Sensata Technologies Holding plc (NYSE: ST) from $48 to $44. Stifel analyst Matthew Sheerin maintained a Hold rating. Sensata Technologies shares rose 2.8% to close at $37.18 on Wednesday.