UPDATE 1-Baird raises US auto and truck parts suppliers sector

Newswire

(Adds details) March 31 (Reuters) - Robert W. Baird & Co upgraded the U.S. auto and truck parts suppliers sector to "market overweight" from "market weight," citing in part falling valuations to levels at which suppliers typically outperform and declining earnings expectations over the last six months. In a note to clients, analyst David Leiker said adjacent sectors such as home builders and retailers that usually lead the suppliers group are outperforming the market with several ...

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