Barclays lowered the firm’s price target on Gates Industrial (GTES) to $25 from $26 and keeps an Overweight rating on the shares. The firm adjusted targets in the multi-industry group as part of a Q1 preview. It sees revenue and margin pressure alongside lower investor expectations.
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Read More on GTES:
- Gates Industrial director buys $1.17M in common stock
- Gates Industrial price target lowered to $26 from $27 at Barclays
- Gates Industrial price target raised to $27 from $25 at Barclays
- Gates Industrial Corp Navigates Earnings Challenges and Successes
- Gates Industrial price target raised to $27 from $25 at Baird
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