Needham & Company Starts Amerigon (ARGN) at Hold; Increasing The Comforts of Driving

Needham & Company initiates coverage on Amerigon (NASDAQ: ARGN) with a Hold.

Needham analyst says, "The company’s product offerings are tailored to increase the comforts of driving. The primary offering is an innovative climate controlled seat (CCS) which is used in passenger vehicles and light trucks. We believe the secular shift towards more fuel or energy efficient vehicles should benefit Amerigon in the long-term. Our ‘conservative’ stance on ARGN shares is based on the economic landscape and lack of clarity regarding the integration of W.E.T. Automotive."

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

Shares of Amerigon closed at $15.73 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nexxen (NEXN) PT Raised to $13 at Needham
• Axsome Therapeutics (AXSM) PT Raised to $268 at Needham
• Hims and Hers (HIMS) PT Raised to $42 at Needham