Standard Motor price target lowered to $42 from $45 at Roth MKM

Roth MKM lowered the firm’s price target on Standard Motor to $42 from $45 and keeps a Buy rating on the shares. The company reported a Q4 earnings miss, though the firm remains constructive on Standard Motor, expecting the countercyclical nature of the business to shine through as transitory headwinds abate, the analyst tells investors in a research note.