Truist raised the firm’s price target on Genuine Parts (GPC) to $146 from $143 and keeps a Buy rating on the shares following the company’s Q3 report. The firm believes Genuine’s Industrial business is “a coiled spring” that should generate significant leverage as the industrial cycle eventually turns, the analyst tells investors in a post-earnings note.
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Read More on GPC:
- Genuine Parts narrows FY25 adjusted EPS view to $7.50-$7.75 from $7.50-$8.00
- Genuine Parts reports Q3 adjusted EPS $1.98, consensus $1.99
- GPC Earnings this Week: How Will it Perform?
- Genuine Parts price target raised to $140 from $135 at UBS
- Genuine Parts price target raised to $150 from $148 at Evercore ISI