JPMorgan upgraded Gentherm (THRM) to Neutral from Underweight with an unchanged price target of $56. The firm cites “incremental attraction” to the company’s penetration rate and backlog-driven growth story for the upgrade. This should allow increasingly differentiated performance as industry outlook softens slightly, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THRM: