Citi lowered the firm’s price target on Gates Industrial (GTES) to $28 from $31 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as consistent with expectations, showing good execution in an uncertain demand environment. It reduced Gates’ organic sales growth estimates post the print.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTES: