Truist Securities Maintains Buy on Genuine Parts, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Genuine Parts (NYSE:GPC) but has lowered the price target from $164 to $129.
October 23, 2024 | 5:08 pm
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Truist Securities has maintained its Buy rating on Genuine Parts but reduced the price target from $164 to $129, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Genuine Parts, but the lowered price target indicates a more cautious outlook, likely due to changing market conditions or company performance expectations. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100