Gates Industrial Corp shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
Gates Industrial Corp's stock (GTES) trades higher following an upgrade by Wolfe Research from Peer Perform to Outperform, with a new price target of $20.
March 08, 2024 | 2:17 pm
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Gates Industrial Corp's stock received an upgrade from Wolfe Research, moving from Peer Perform to Outperform, alongside a new price target of $20.
The upgrade by Wolfe Research to Outperform signifies a positive outlook on GTES's future performance. The setting of a $20 price target further indicates Wolfe Research's bullish stance on the stock, suggesting potential for significant growth. This upgrade is likely to attract investor attention and could lead to increased demand for GTES shares in the short term, driving up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100