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Fly News Breaks for January 7, 2019
THRM
Jan 7, 2019 | 07:16 EDT
As reported earlier, BMO Capital analyst Richard Carlson downgraded Gentherm to Market Perform from Outperform and lowered his price target to $41 from $51. The analyst attributes his reduced estimates and "tightened valuation" to "rising macro headwinds and reduced market sentiment", also lowering his FY19 EPS view to $2.65 from $2.75. Carlson believes that after "significant outperformance" last year, the stock could "mark time" through 2019.
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