JPMorgan analyst Samik Chatterjee attributes the 8.5% selloff yesterday in shares of Gentherm (THRM) to competitive concerns after seating supplier Lear (LEA) announced a strategic partnership with a start-up stage company called Tempronics. The partnership grants Lear exclusive rights to manufacture and sell thermoelectric seat heating and cooling products using Tempronics technology, Chatterjee tells investors in a research note. The analyst offers 10 reasons to buy shares of Gentherm, including the Tempronics product only being in a "nascent stage" and that the near-term impact to Gentherm's financials will be limited given the long design and product development cycle in. Chatterjee has an Overweight rating on Gentherm with a $44 price target.