Sell: Tower International (TOWR)
From Upside
Updated from Wall Street’s Best Investments 800, December 20, 2017
We are dropping coverage of Tower International (TOWR). While the stock seems cheap at seven times estimated 2018 earnings, it is not one we would recommend today, partly because of its sloppy share-price action. The auto parts maker has seen near-term and 2018 profit estimates stall in recent months, tempering our outlook and enthusiasm for the shares.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, February 5, 2018