Goldman Sachs Downgrades Standard Motor Products, Inc. (SMP) to Sell

Goldman Sachs downgraded Standard Motor Products, Inc. (NYSE: SMP) from Neutral to Sell while maintaining their $17 price target.

The firm said the 22% rise since Q4 results on November 1 has driven the valuation premium to levels that will be difficult to sustain.

For an analyst ratings summary and ratings history on Standard Motor Products, Inc. click here. For more ratings news on Standard Motor Products, Inc. click here.

Shares of Standard Motor Products, Inc. closed at $18.50 yesterday.

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