Guggenheim lowered the firm’s price target on Gentex (GNTX) to $34 from $35 and keeps a Buy rating on the shares. Following Q3 results, the firm is updating estimates for its auto supplier and auto dealer coverage universe, noting that it believes the setup is more favorable for dealers in the near term.

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Read More on GNTX:

• Gentex to host three vehicle unveils, showcase technology at SEMA 2024

• Gentex price target raised to $37 from $35 at Baird

• Gentex reports Q3 EPS 53c, consensus 48c

• Gentex lowers FY24 revenue view to $2.35B-$2.4B from $2.4B-$2.5B

• Gentex Corp (GNTX) Q3 Earnings Cheat Sheet