Roth MKM raised the firm’s price target on Dorman Products to $116 from $94 and keeps a Buy rating on the shares after its Q4 earnings beat and above-consensus guidance. With transitory inflationary headwinds now behind the company and no signs of a slowdown in core demand, the firm anticipates re-acceleration in earnings growth in FY24 and FY25, the analyst tells investors in a research note.
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Read More on DORM:
- Dorman Products Announces New Strategic Business Segments
- Dorman Products sees FY24 revenue up 3%-5%, consensus $2.03B
- Dorman Products sees FY24 adjusted EPS $5.40-$5.70, consensus $5.21
- Dorman Products reports Q4 adjusted EPS $1.57, consensus $1.41
- Dorman Products, Inc. Reports Fourth Quarter and Full Year 2023 Results; Issues 2024 Guidance
