What happened Shares of Tenneco Inc. (NYSE: TEN), a leading designer, manufacturer, and marketer of automotive products, jumped over 17% higher Tuesday before giving some gains back, after the company received a vote of confidence from one bank analyst. So what In a welcome move for investors, shares of Tenneco are rebounding from Monday's downturn. TEN data by YCharts Deutsche Bank analyst, Emmanuel Rosner, increased his price target on Tenneco after the company released its third-quarter results, despite keeping a "hold" rating on the stock. Rosner increased his Tenneco price target from $10.00 to $11.00, a sizable upside from the current trading price of $8.38 per share, which includes today's roughly 13.5% gain. Image source: Getty Images. The rebound in stock price Tuesday is a breath of fresh air for investors after Tenneco shares declined a similar amount Monday. The company's third-quarter $0.33 adjusted earnings per share failed to meet analysts' estimates of $0.44 per share but, on the bright side, revenue checked in at $4.3 billion, only a 2% decline compared to the prior year and ahead of analysts' estimates of $3.9 billion. https://investors.tenneco.com/news-and-events/press-releases/2020/11-02-2020-123120002 Now what Management has done well navigating choppy waters caused by COVID-19's ripple effects. Management set up the Accelerate+ program that has delivered structural cost savings, improved cash flow and margins, and is driving the company's momentum as 2020 comes to a close. Management has even managed to increase liquidity to $1.8 billion while reducing the company's total debt. Investors should also take these pops and drops in stock price with a grain of salt as uncertainty surrounding COVID-19 and its negative impacts continues to mount. With new cases spiking overseas and valid concern the U.S. will experience an even more alarming growth of infections this winter, the automotive industry's near term is up in the air despite the industry rebounding from the initial wave of COVID-19. 10 stocks we like better than TennecoWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tenneco wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool recommends Tenneco. The Motley Fool has a disclosure policy.Source