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Bull of the Day

Superior Industries International (SUP) has a wide customer base. Moreover, its long-term business agreements with clients helped the company maintain its financial stability.

At the same time, with its strategic acquisition, divestment and relocation, the company is well positioned to take full advantage of the globally expanding automotive industry. In addition, SUP has no long-term debt obligations.

Its second-quarter results were strong with earnings outperforming the Zacks Consensus Estimate by $0.32 per share. Given these conditions, we have recommended shares of the company as Outperform and set a target price of $21.

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