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Fly News Breaks for January 29, 2018
GNTX
Jan 29, 2018 | 09:32 EDT
BMO Capital analyst Richard Carlson raised his price target on Gentex to $28 and kept his Outperform rating after a Q4 earnings beat. Carlson says the lower tax rate was the key driver in the upward earnings revision, but also notes that the underlying performance and positioning for longer-term success should not be overlooked as the company positions for "best-in-class margin profile, investing in new products and technologies, and returning cash to shareholders".
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