Dorman Products upgraded to Buy from Hold at Jefferies

Jefferies upgraded Dorman Products (DORM) to Buy from Hold with a price target of $140, down from $159. The firm believes the stock’s recent underperformance has created an attractive entry point. The shares are trading at an historical discount after the “downbeat” Q1 guidance, despite it posting recent record margins, strong cash generation, and “clear” long-term growth visibility, the analyst tells investors in a research note.