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Dorman Products price target raised to $182 from $170 at Roth Capital

Roth Capital raised the firm’s price target on Dorman Products (DORM) to $182 from $170 and keeps a Buy rating on the shares after hosting a non-deal roadshow with its CEO Hession. The firm notes that it sees no signs of a slowdown in demand in the core Light Duty segment and looks for Dorman’s unique growth engine to allow for a continuation of meaningful earnings growth in FY25 and into FY26, with a goal of doubling the size of the company every five years, the analyst tells investors in a research note.

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