Kimball Electronics Started at Overweight Rating 
<p>Cantor Fitzgerald started coverage on <a href='https://financialmodelingprep.com/financial-summary/KE'>Kimball Electronics (NASDAQ:KE)</a> with an Overweight rating and price target of $34.00. According to the analysts, the company's automotive sector is experiencing significant growth due to the increasing adoption of advanced steering and braking solutions. </p>
<p>The analysts believe that Kimball Electronics is well-positioned to benefit from this trend and considers it to be one of the most promising opportunities in the electronic manufacturing services (EMS) industry. They also highlighted the company's strong presence in automotive steering and braking, particularly with renowned Tier 1 automotive original equipment manufacturers (OEMs). </p>
<p>Furthermore, the analysts expect the automotive business to generate gross margins above the corporate average, indicating the potential for increased profitability. Looking ahead, the analysts predict that braking could account for approximately half of Kimball's automotive revenue in the next 5 to 7 years, translating into an additional opportunity worth over $500 million.</p>

NASDAQ:KE