Shares of Gentex (GNTX) have almost doubled in 2013 after the company returned to growth, and after the HomeLink acquisition in the summer of 2013. The stock has pulled back 10% since reaching new highs in mid-January, which is largely a consequence of a general market selloff. Gentex's revenue and profits are seen rising in 2014, as the company reaps the benefits of the recovery in auto sales and as it proceeds with the HomeLink integration. My target price is $36, representing 17% upside from the current price, although there might be a better buying opportunity in the next couple of weeks, especially if the general market continues to go down.
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