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Bull of the Day

Superior Industries (SUP) has a wide customer base. Moreover, its long-term business agreements withclients have helped maintain financial stability. With its competent management, strategic acquisitions, divestments and production efficiencies, the company is well positioned to take full advantage of the globally expanding automotive industry.

In addition, Superior Industries has no long-term debt obligations. Its fourth quarter results were strong, with earnings outperforming the Zacks Consensus Estimate by $0.45 per share.

Given these conditions, we have maintained our Outperform recommendation on shares of the company and set a target price of $29.

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