Argus Downgrades Gentherm Incorporated (THRM) to Hold

September 23, 2016 8:58 AM EDT
Get Alerts THRM Hot Sheet
Price: $28.05 -3.11%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Argus downgraded Gentherm Incorporated (NASDAQ: THRM) from Buy to Hold.

The analyst notes the company's earnings prospects have weakened due to competitive threats and a dilutive acquisition.

While these multiples are low relative to the market and select industry peers, they think they accurately reflect the company's uneven near-term earnings outlook.

For an analyst ratings summary and ratings history on Gentherm Incorporated click here. For more ratings news on Gentherm Incorporated click here.

Shares of Gentherm Incorporated closed at $31.87 yesterday.

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