Wolfe Research Upgrades Gates Industrial Corp to Outperform, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Nigel Coe upgraded Gates Industrial Corp (GTES) to Outperform from Peer Perform and set a price target of $20.

March 08, 2024 | 12:41 pm
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Gates Industrial Corp was upgraded by Wolfe Research to Outperform from Peer Perform with a new price target of $20.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future performance. The setting of a $20 price target suggests Wolfe Research sees significant upside potential from the current trading levels, which could attract investor interest and drive the stock price up in the short term.
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