Gentex Corporation (GNTX): Gentex to be hurt by rule delay, says We...

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Wednesday, 02/29/2012 9:51:45 AM

Wednesday, February 29, 2012 9:51:45 AM

Gentex to be hurt by rule delay, says Wells Fargo

After the Department of Transportation decided to delay until the end of 2012 a rule requiring automakers to install rearview cameras on all of their passenger vehicles, Wells Fargo believes that the delay will reduce Gentex's 2013 sales. The firm adds that the delay could enable automakers to find an alternative to Gentex's rear camera display product and it maintains a Market Perform rating on the stock. :theflyonthewall

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