Genuine Parts price target raised to $146 from $143 at Truist

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.