Genuine Parts price target raised to $143 from $137 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Genuine Parts (GPC) to $143 from $137 and keeps a Buy rating on the shares. Tariff-related uncertainty causes a modest downward revision to the firm’s estimates, but this could be conservative, the analyst tells investors in a research note. While the Industrial business remains softer than expected 2-3 quarters ago given the length of the downcycle, it has the potential to turn sharply higher at some point.