Wall Street analysts are growing increasingly optimistic on auto parts maker Holley .
JPMorgan's Christian Carlino and Bank of America's Alexander Perry upped their ratings to overweight and buy, respectively, from neutral Wednesday.
Carlino's $7 price target implies an upside of 59.1% from Tuesday's close, while Perry's $6 forecast would mean shares rise 36.4%.
Electronic fuel injection is one of the company's largest businesses, accounting for 15% of sales, Perry said.
Despite the bullish turns from two major Wall Street names, not every analyst is as optimistic.
Persons:
Holley, JPMorgan's Christian Carlino, Bank of America's Alexander Perry, Carlino's, —, Carlino, There's, America's Perry, JPMorgan's Carlino, Perry, — CNBC's Michael Bloom
Organizations:
Bank of America's, Bank
Locations:
Tuesday's