Roth MKM analyst Scott Stember raised the firm’s price target on Dorman Products (DORM) to $153 from $126 and keeps a Buy rating on the shares, saying Roth MKM “remains highly constructive” on the stock following “blowout” Q3 earnings. With no signs of a slowdown in Light Duty demand, a near-bottoming in the Heavy Duty segment, and an elevated margin profile, the firm anticipates a continuation of significant earnings growth in Q4 and heading into FY25 , the analyst tells investors in a research note.
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Read More on DORM:
- Dorman Products Reports Strong Q3 2024 Earnings
- Dorman Products price target raised to $130-$140 from $120 at Barrington
- Dorman Products raises FY24 adjusted EPS view to $6.85-$6.95 from $6.00-$6.20
- Dorman Products reports Q3 adjusted EPS $1.96, consensus $1.53
- DORM Earnings Report this Week: Is It a Buy, Ahead of Earnings?