Stoneridge Considers Sale of Control Devices Unit Amid Debt Worries, Stock Rises 3.5%

Stoneridge Inc. is considering the sale of its control devices unit to reduce debt levels impacted by tariff-related pressures. The move has garnered interest from private equity firms, leading to a 3.5% rise in Stoneridge's stock to $8.30. Analysts forecast an average target price of $14.00, implying a 66.67% upside from the current price. The company reported strong Q1 performance, with operating margin improvement across all segments and a 24% increase in MirrorEye revenue.