Genuine Parts price target raised to $145 from $135 at Evercore ISI

Evercore ISI raised the firm’s price target on Genuine Parts (GPC) to $145 from $135 and keeps an Outperform rating on the shares. With the company “making strides with its restructuring efforts,” the firm sees the combination of restructuring and tariff advantages positioning it well for margin improvement and potential positive EPS in the second half of the year, the analyst tells investors.