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Gentherm Incorporated (THRM) PT Lowered to $50 at Argus

June 10, 2020 7:43 AM EDT
Get Alerts THRM Hot Sheet
Price: $57.58 +1.23%

Rating Summary:
    5 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Argus analyst David Coleman lowered the price target on Gentherm Incorporated (NASDAQ: THRM) to $50.00 (from $55.00) while maintaining a Buy rating. The company's medical business rose 48.3% in 1Q, highlighting its ability to maneuver quickly in a rapidly changing environment. Although management withdrew its 2020 guidance due to the pandemic, Coleman believes that Gentherm is well positioned in key markets, which should drive revenue growth and margin expansion as the U.S. economy reopens.

THRM shares have outperformed over the last three months, rising 13.3% compared to an increase of 12.2% for the S&P500. Over the past year, the shares have risen 12.2% versus an increase of 12.0% for the index. The shares have under performed over the past five years, falling 21% compared to a gain of 53% for the index.



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