Jefferies Reflects On Recent Meetings With GNTX Management

Jefferies is maintaining its Hold rating and its $31 price target on Gentex Corp. GNTX following meetings with the company's brass. According to Jefferies, “We met with GNTX management for two hours in a small group meeting. We're always impressed with the GNTX model whenever we attend these largely information meetings. Probably the most actionable datapoint out of the meetings: our sense is the phase-in of the pending NHTSA regs could potentially be pushed out a year if the final decision is delayed until late this Fall.” GNTX closed at $28.74 yesterday.