Goldman Sachs Maintains Neutral on Gates Industrial Corp, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich maintains a Neutral rating on Gates Industrial Corp (GTES) and raises the price target from $14 to $16.

March 12, 2024 | 2:31 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Gates Industrial Corp but raises the price target from $14 to $16.
The increase in the price target by a reputable analyst firm like Goldman Sachs suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the firm does not see significant upside or downside from the current level, which might temper the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90