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Fly News Breaks for November 13, 2019
MPAA
Nov 13, 2019 | 08:01 EDT
Roth Capital analyst Justin Clare raised his price target for Motorcar Parts to $25 from $17 and keeps a Buy rating on the shares following the company's Q2 beat and reiterated FY20 guidance. In a research note to investors, Clare says he expects the company's profitability to improve further in FY20 and FY21 as a result of the ramp-up of new business, price increases, and improved cost absorption in the company's Mexico and Malaysia facilities.
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