Dorman Products price target raised to $180-$190 from $150 at Barrington

Barrington raised the firm’s price target on Dorman Products (DORM) to a range of $180-$190 from $150 and keeps an Outperform rating on the shares after hosting meetings with management. Dorman’s long-term outlook remains positive, driven by an aging car parc and increases in miles driven, the analyst tells investors in a research note. IN addition, the firm says the company’s aftermarket parts are non-discretionary with the ability to pass on product price increases to channel partners.