Truist Securities Maintains Buy on Genuine Parts, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a 'Buy' rating on Genuine Parts (NYSE:GPC) but has lowered the price target from $172 to $155.
October 20, 2023 | 4:36 pm
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NEUTRAL IMPACT
Truist Securities has maintained a 'Buy' rating on Genuine Parts but lowered the price target from $172 to $155.
The news is directly related to Genuine Parts (GPC). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential decrease in the short-term stock price. However, the overall impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100