RBC Capital raised the firm’s price target on Gates Industrial (GTES) to $23 from $22 and keeps an Outperform rating on the shares. The firm notes the company posted a modest 2c/3% operating beat vs. its estimate and reaffirmed 2025 guidance, now including $50 mil/2.5% tariff costs. Tariff headwinds appear manageable with price, existing in-region/for-region, and further supply chain optimization/productivity, RBC adds.
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Read More on GTES:
- Gates Industrial price target raised to $23 from $21 at KeyBanc
- Gates Industrial Reports Resilient Q1 2025 Results
- Gates Industrial Corp’s Resilient Q1 Earnings Call
- Gates Industrial reports Q1 adjusted EPS 36c, consensus 33c
- Gates Industrial still sees 2025 adjusted EPS $1.36-$1.52, consensus $1.41
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