Goldman Sachs Maintains Neutral on Genuine Parts, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane maintains a Neutral rating on Genuine Parts (NYSE:GPC) but lowers the price target from $162 to $138.
October 23, 2024 | 3:31 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained its Neutral rating on Genuine Parts but has lowered the price target from $162 to $138, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less favorable view on Genuine Parts' future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100