S&P Capital IQ Reiterates its BUY Rating on Tenneco

October 29 00:00 2011

New York, October 29 (RainbowNewsLine.com) – Analyst Efraim Levy of S&P Capital IQ reiterates his BUY recommendation on the shares of Tenneco (NYSE: TEN).

Analyst Efraim Levy, in a research note published yesterday mentions that the company has reported its Q3 EPS ahead of the consensus while revenues were below the consensus. According to the analyst, the cash from operations have grew from $17 million to $80 million due to the improved accounts receivables and inventory performance. The sales growth in Q4 will be strong due to favorable vehicle platform representation and raise in commercial vehicle revenues, the analyst adds. The regulation-driven demand for commercial vehicles will drive Tenneco’s revenues growth through 2014, according to S&P Capital IQ.