Core Molding price target raised to $24 from $22 at Roth Capital

Roth Capital analyst Chip Moore raised the firm’s price target on Core Molding (CMT) to $24 from $22 and keeps a Buy rating on the shares. The firm notes that while near-term volume headwinds persist on a previously known large program transition and lingering macro dynamics, it sees profitability for Core Molding remaining resilient, also citing an attractive entry point on the stock, the analyst tells investors in a research note.