Dorman, Standard Motor sees 'strong' Q3 demand - MKM Partners

Standard Motor Products

18/10/2022 12:09

** Brokerage MKM Partners sees constructive prospects for
U.S. auto parts maker Dorman Products Inc  DORM.O  and Standard
Motor Products Inc  SMP.N  
    ** Says Q3 aftermarket demand is strong; embedded price
increases helped offset high raw material and logistics costs
    ** Trims PT for DORM to $123 from $129 and SMP to $47 from
$57, hurt by near-term headwinds as interest rates rise
    ** YTD, DORM shares down 19.7% vs 31.7% fall for SMP 
 (Reporitng by Priyamvada C in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com))