Gentherm price target raised to $42 from $38 at Roth Capital

Roth Capital analyst Matt Koranda raised the firm’s price target on Gentherm (THRM) to $42 from $38 and keeps a Buy rating on the shares. Gentherm delivered a solid Q2, with better-than-feared sales, but largely in line with global automotive production, the analyst tells investors in a research note. Roth notes good new program award performance, and an adjacent market strategy that looks more promising as management unveils additional details.