Gentherm price target lowered to $58 from $59 at JPMorgan

JPMorgan analyst Ryan Brinkman lowered the firm’s price target on Gentherm to $58 from $59 and keeps an Underweight rating on the shares. The analyst expects every auto supplier to meet or exceed expectations in Q4 and for none to miss. The biggest catalyst is sharply higher global light vehicle production during the quarter, the analyst tells investors in a research note.