Stephens & Co. Maintains Equal-Weight on Genuine Parts, Lowers Price Target to $68
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Daniel Imbro has maintained an Equal-Weight rating on Genuine Parts (NYSE:GPC) but lowered the price target from $172 to $68.
July 21, 2023 | 1:03 pm
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NEGATIVE IMPACT
The price target for Genuine Parts (NYSE:GPC) has been lowered from $172 to $68 by Stephens & Co., while maintaining an Equal-Weight rating.
The significant reduction in the price target for Genuine Parts by Stephens & Co. indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term as it may cause investors to reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100