Truist Securities Maintains Buy on Genuine Parts, Lowers Price Target to $191
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Genuine Parts (NYSE:GPC) but lowered the price target from $195 to $191.
July 21, 2023 | 2:10 pm
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NEUTRAL IMPACT
Truist Securities has maintained a 'Buy' rating on Genuine Parts but lowered the price target from $195 to $191.
The news is directly about Genuine Parts (GPC). The maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could be positive for the stock price. However, the lowered price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100