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Gentherm initiated with a Buy at Freedom Capital

Freedom Capital analyst Dmitriy Pozdnyakov initiated coverage of Gentherm (THRM) with a Buy rating and $41 price target The firm says Gentherm is a leading supplier of automotive thermal management and comfort systems. Rising electric vehicle penetration and demand for energy-efficient features are driving higher content per vehicle, the analyst tells investors in a research note. Freedom expects improving margins and meaningful upside from current levels.

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