Motorcar Parts initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Motorcar Parts (MPAA) with an Outperform rating and $18 price target The firm views auto parts retail as one of the more compelling segments of consumer discretionary, citing favorable near- and longer-term demand dynamics. Motorcar’s “stronger financial footing” and competitive fallout within the space should allow the company to more aggressively pursue market share opportunities, the analyst tells investors in a research note.