Canaccord initiated coverage of GUD Holdings with a Buy rating and A$15.15 price target. The distributor and manufacturer of automotive parts and equipment could enjoy three primary drivers over the next several years, namely the growth and aging of the Australian vehicle population, the acquisition of AutoPacific Group and the company’s successful history of bolt-on acquisitions, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>