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Stock impact report

Zacks Initiates Coverage of Cooper-Standard With Neutral Recommendation [Yahoo! Finance]

Cooper-Standard Holdings Inc. (CPS) 
Last cooper-standard holdings inc. earnings: 2/24 06:47 pm Check Earnings Report
US:NYSE Investor Relations: ir.cooperstandard.com/investor-relations
Company Research Source: Yahoo! Finance
This designation reflects our balanced view of the company's prospects, given its stable financial performance, financial flexibility and strategic market expansion, alongside prevailing industry challenges and market competition. Headquartered in Northville, MI, Cooper-Standard has demonstrated remarkable operational efficiency in the first quarter of 2024, achieving a 300-basis-point year-over-year improvement in the gross margin through successful lean initiatives and cost-saving programs. These measures have generated $19 million in savings, significantly enhancing the company's profitability. The extension of credit terms from 2025 to 2029 has bolstered CPS's financial flexibility, with a total liquidity of around $282 million as of Mar 31, 2024. This strategic move, coupled with reductions in interest rate margins and commitment fees, highlights the company's proactive financial management, aiming to reduce financial risk and enhance credit profiles. Capitalizing on the bu Show less Read more
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