BWS Financial Starts Dorman Products (DORM) at Sell; Applying the Brakes

BWS Financial initiates coverage on Dorman Products (NASDAQ: DORM) with a Sell. PT $20.00.

BWS analyst, Hamed Khorsand, said, "The aftermarket auto parts industry is prone to seeing a slowdown, which would have a direct impact on the growth DORM is projecting to experience in 2012 and 2013."

"Our decision to pick DORM as the center of our short thesis is due to its business attribute of generating 55 percent of its revenue from four customers who could see some softness in revenue in the coming year, and a relatively high trailing twelve-month free cash flow multiple."

For an analyst ratings summary and ratings history on Dorman Products click here. For more ratings news on Dorman Products click here.

Shares of Dorman Products closed at $37.83 yesterday.

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