Roth MKM Remains a Buy on Standard Motor Products (SMP)
Roth MKM analyst Scott Stember maintained a Buy rating on Standard Motor Products (SMP) with a $54 target. The stock has a Moderate Buy consensus and $54 avg. target. SMP reported Q2 revenue of $501.6M and net profit of $30.37M, up from last year. Insider sentiment is negative, with recent sales by executives.
How this was made

The 30-second read
Why it matters
The combination of a fresh earnings release and an upgraded rating may attract short-term buyers.
Market read
SMP's earnings and analyst upgrade provide a modest trading catalyst in the consumer cyclical space.
What to watch
Potential supply chain constraints in the automotive aftermarket could affect future performance.
Background
Roth MKM analyst Scott Stember covers consumer cyclical stocks and issued a Buy on SMP with a $54 target.
Ticker impact
Roth MKM reiterates Buy rating with $54 price target and reports Q2 earnings of $501.6M revenue and $30.37M net profit.
Potential modest price rise toward $54 target over the next few weeks.
Buy rating and price target provide a clear actionable view, but earnings growth is modest and insider sales are negative.
Market effects
Consumer cyclical sector may see slight uplift from analyst coverage of SMP.
Limited to US markets where SMP trades.
Minimal global impact.
Counterpoint
Insider selling and modest earnings growth could weigh on the stock despite the buy rating.
Key entities
- CompanyStandard Motor Products
Manufacturer of automotive components, ticker SMP.
- Research FirmRoth MKM
Equity research firm providing the Buy rating.

