Wedbush Maintains Neutral on Genuine Parts, Lowers Price Target to $160
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Seth Basham maintains a Neutral rating on Genuine Parts (NYSE:GPC) and lowers the price target from $170 to $160.
July 21, 2023 | 12:29 pm
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NEUTRAL IMPACT
Wedbush has maintained a Neutral rating on Genuine Parts and lowered the price target from $170 to $160.
The news directly pertains to Genuine Parts (GPC). The lowered price target could indicate a potential decrease in the stock's value, but the maintained Neutral rating suggests that the analyst does not expect significant changes in the short term. Therefore, the short term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100