Jefferies ReIterate Buy Rating On Tenneco (TEN)

In a recent report, Jefferies reIterated a buy rating on Tenneco TEN after a reported upside 1Q. In the report, Jefferies said, "We continue to believe that TEN has the potential to triple earnings over the next three years, making it the top growth story in midcap autos. At 5.5x forward EBITDA, we still believe that's awfully compelling." Tenneco closed at $43.61 yesterday.