Gentex Corp (GNTX): Added To FBR's Alpha Generator's List

FBR Capital analyst, Christopher Van Horn, reiterated his Buy rating and added Gentex (NASDAQ: GNTX) to FBR's Alpha Generator list on the belief that that the company has multiple significant growth opportunities that should play out over the near-to-medium term, including expansion of HomeLink in the Chinese market, further global rollout of Full Display Mirror (FDM), uptake of
newer technologies like home automation HomeLink and vehicle biometric sensing.

The analyst stated "The near term opportunity that we are most focused on is adoption of FDM. GNTX announced several significant FDM-related pieces of business with its 3Q17 results, including a European/Australian launch and the company's third OEM partner for FDM (Nissan). We do not think that the market is fully pricing in the upside from future adoption of FDM".

No change to the price target of $25.

For an analyst ratings summary and ratings history on Gentex click here. For more ratings news on Gentex click here.

Shares of Gentex closed at $19.38 yesterday.

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