Goldman Sachs Maintains Neutral on Gates Industrial Corp, Raises Price Target to $18
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 $16 to $18.

April 16, 2024 | 1:39 pm
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Goldman Sachs maintains a Neutral rating on Gates Industrial Corp but raises the price target from $16 to $18.
The increase in price target by Goldman Sachs suggests a positive outlook on the company's future performance, potentially leading to increased investor confidence and a short-term positive impact on GTES's stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90