Stephens analyst Jeff Lick initiated coverage of Dorman Products (DORM) with an Overweight rating and $185 price target The maker of aftermarket auto parts is a secular growth story that benefits from the decline of auto affordability, an aging car park and the array of different propulsion systems “caused by there being no clear-cut winner,” the analyst tells investors. The firm, which also sees Dorman as a net tariff beneficiary, vies the the stock as “relatively undiscovered and under owned” despite the company’s $4.8B market cap and shares trading near all-time highs, the analyst added.
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Read More on DORM:
- Dorman Products initiated with an Outperform at BMO Capital
- Buy Rating for Dorman Products: Strong Market Position and Growth Potential Amid Strategic Expansions
- Dorman Products price target raised to $180-$190 from $150 at Barrington
- Dorman Products management to meet virtually with Barrington
- Dorman Products price target raised to $182 from $170 at Roth Capital