BUZZ-Dorman Products rises after Stephens initiates with 'overweight' rating
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Dorman Products' shares rose nearly 1% to about $153 after Stephens initiated coverage with an 'overweight' rating and a price target of $185, indicating a 22.8% upside. The brokerage highlighted Dorman's ability to supply hard-to-find parts, which supports sales and margins. With tariffs and inflation affecting vehicle affordability, Dorman's products show price/demand inelasticity. Currently, seven of eight brokerages rate the stock as 'buy' or higher, with a median price target of $176.5. Year-to-date, shares are up about 19%.
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