RBC Capital Maintains Sector Perform on Gates Industrial Corp, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray maintains a Sector Perform rating on Gates Industrial Corp (NYSE:GTES) and raises the price target from $19 to $20.
August 01, 2024 | 3:33 pm
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RBC Capital analyst Deane Dray maintains a Sector Perform rating on Gates Industrial Corp (NYSE:GTES) and raises the price target from $19 to $20.
The raised price target from $19 to $20 by RBC Capital suggests a positive outlook for Gates Industrial Corp, which could lead to a short-term increase in stock price. However, the Sector Perform rating indicates that the stock is expected to perform in line with the market, tempering the overall impact.
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