Gentherm price target lowered to $51 from $56 at JPMorgan

JPMorgan lowered the firm’s price target on Gentherm (THRM) to $51 from $56 and keeps a Neutral rating on the shares as part of a Q4 preview for the auto parts supplier group. The firm expects “modest” beats in Q4, saying global production tracked better than expected. It sees a better backdrop for global light vehicle production than was expected at the time of Q3 earnings back in October, but believes investor attention will turn to the impact of tariffs and reduced electric vehicle subsidies in 2025.