Baird lowered the firm’s price target on Gentherm (THRM) to $50 from $54 and keeps a Neutral rating on the shares. The firm said they provided a mixed 3Q24 update, as modest sales upside helped drive current-quarter adjusted EBITDA nicely above expectations, but full-year sales guidance was lowered.
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Read More on THRM:
- Gentherm Inc. Reports Record New Business Awards and Revenue Growth
- Gentherm Reports Strong Q3 2024 Revenue and Growth
- Gentherm reports Q3 adjusted EPS 75c, consensus 66c
- Gentherm cuts FY24 product revenue view to $1.45B-$1.47B from $1.5B-$1.6B
- THRM Earnings Report this Week: Is It a Buy, Ahead of Earnings?