Barrington raised the firm’s price target on Dorman Products to $130 from $104 and keeps an Outperform rating on the shares. The company reported "solid" Q4 results with inline 2023 guidance, the analyst tells investors in a research note. The firm says demand remains robust for Dorman’s products, driven by strong macro fundamentals across the vehicle aftermarket.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DORM:
- Dorman Products sees FY23 adjusted EPS $5.15-$5.35, consensus $5.24
- Dorman Products, Inc. Reports Fourth Quarter and Fiscal 2022 Results and Issues 2023 Guidance
- Dorman Products reports Q4 adjusted EPS $1.01, consensus $1.08
- Dorman Products launches 400 new repair solutions
- Dorman launches 400 new repair solutions, including 130 aftermarket exclusives and a dozen OE FIX™ innovations