Goldman Sachs Maintains Neutral Rating for Genuine Parts: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating for Genuine Parts (NYSE:GPC) but lowered its price target from $178.00 to $152.00. Genuine Parts' shares are currently trading at $130.12, and a move to $152.00 would represent a 16.82% increase.
October 20, 2023 | 5:00 pm
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Goldman Sachs has maintained its Neutral rating for Genuine Parts but lowered its price target. This could potentially impact the stock's performance.
Goldman Sachs' decision to maintain a Neutral rating indicates that they do not expect significant changes in the stock's performance. However, the lowering of the price target could potentially indicate a less optimistic outlook, which may impact investor sentiment and the stock's performance.
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