Barclays Maintains Equal-Weight on Gates Industrial Corp, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Equal-Weight rating on Gates Industrial Corp (GTES) and increased the price target from $15 to $17.
March 12, 2024 | 10:06 am
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Barclays has maintained an Equal-Weight rating on Gates Industrial Corp but raised the price target from $15 to $17.
The increase in price target by Barclays, a major financial institution, suggests a positive outlook on GTES's future performance. This could lead to increased investor confidence and potentially a short-term increase in stock price.
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