Dorman Products initiated with an Outperform at BMO Capital

BMO Capital analyst Tristan Thomas-Martin initiated coverage of Dorman Products (DORM) with an Outperform rating and $180 price target The firm sees further upside in the shares given the resiliency of the company’s core, light-vehicle business in a challenging macroeconomic environment. Dorman is a leading supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, and has recently expanded into the heavy-duty and specialty vehicle markets, the analyst tells investors in a research note.