Barclays Maintains Equal-Weight on Gates Industrial Corp, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Equal-Weight rating on Gates Industrial Corp (NYSE:GTES) but lowers the price target from $17 to $16.
June 04, 2024 | 3:08 pm
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Barclays analyst Julian Mitchell maintains an Equal-Weight rating on Gates Industrial Corp (NYSE:GTES) but lowers the price target from $17 to $16.
The lowered price target from $17 to $16 by Barclays suggests a slightly less optimistic outlook for Gates Industrial Corp, which could lead to a short-term negative impact on the stock price.
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