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JP Morgan analyst Rajat Gupta upgrades Gentherm (NASDAQ:THRM) from Neutral to Overweight and maintains the price target from $48 to $48.
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Filed: 2026-09-11 AccNo: 0001193125-26-388630 Size: 226 KB Item 5.07: Submission of Matters to a Vote of Security Holders Item 7.01: Regulation FD Disclosure Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Gentherm shareholders voted to approve the proposed combination with Modine's Performance Technologies business, with approximately 99% voting in favor of share issuance and 94% supporting charter amendments. The transaction has received all required regulatory approvals and is expected to close on October 1, 2026. The combined entity aims to create a higher-growth, higher-margin thermal and precision flow management business.
JP Morgan analyst Rajat Gupta maintains Gentherm (NASDAQ:THRM) with a Neutral and raises the price target from $41 to $48.