Gentex price target raised to $32 from $28 at B. Riley

B. Riley raised the firm’s price target on Gentex (GNTX) to $32 from $28 and keeps a Buy rating on the shares. The company reported significantly better than expected Q2 results with margin upside, the analyst tells investors in a research note. The firm believes the shares at current levels undervalue Gentex’s “market leadership position” and new technology applications like dimmable glass that have large addressable markets.