RBC Capital Upgrades Gates Industrial Corp to Outperform, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has upgraded Gates Industrial Corp (NYSE:GTES) from Sector Perform to Outperform, raising the price target from $20 to $22.
August 19, 2024 | 2:34 pm
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RBC Capital has upgraded Gates Industrial Corp to Outperform and increased the price target to $22, indicating a positive outlook on the stock.
The upgrade from Sector Perform to Outperform by RBC Capital suggests increased confidence in Gates Industrial Corp's future performance. The raised price target from $20 to $22 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
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