Barclays analyst Julian Mitchell lowered the firm’s price target on Gates Industrial (GTES) to $22 from $25 and keeps an Overweight rating on the shares. The firm says short cycle industrial stocks “are starting to look more attractive” verses defensives, but adds that demand visibility is “very low.”
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Read More on GTES:
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- Gates Industrial price target lowered to $25 from $26 at Barclays
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- Gates Industrial price target lowered to $26 from $27 at Barclays