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NEW YORK - Shares of auto suppliers are on the rise after a Baird analyst upgraded the sector, saying both stock prices and Wall Street expectations have fallen to more reasonable levels.
| MEI | 7.01 |  0.21 |
| ALV | 22 |  -1.47 |
| BWA | 23.65 | -0.6 |
| SNA | 40.3 | 0.13 |
| GNTX | 11.2 |  0 |
| JCI | 22.07 | -0.14 |
| TEN | 5.03 | -0.78 |
| HAR | 19.8 | -1.99 |
| ARM | 9.69 | 0.29 |
| CVGI | 1.77 | -0.77 |
| AXL | 3.81 | 0.35 |
| MOD | 10.23 | 0.28 |
| SRI | 7.46 | 0.22 |
| STRT | 25.35 | -0.42 |
David Leiker raised his rating to "Market Overweight" from "Market Weight," also noting that "adjacent" sectors, including homebuilding, trucking and retailing, are recovering.
Those stocks tend to bottom before auto suppliers, he said, and their recovery indicates the auto supply sector will turn around soon.
Shares of Methode Electronics Inc. gained 90 cents, or 9 percent, to $11.01 in morning trading.
Shares of Snap-on Inc. rose $1.08, or 2.2 percent, to $50.07.
Autoliv Inc. stock added 45 cents to $50.12.
BorgWarner Inc. shares picked up 65 cents to $42.49.
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