Keybanc Maintains Overweight on Gates Industrial Corp, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Gates Industrial Corp (NYSE:GTES) and raises the price target from $21 to $22.
October 31, 2024 | 7:15 pm
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Keybanc analyst Jeffrey Hammond has maintained an Overweight rating on Gates Industrial Corp and increased the price target from $21 to $22, indicating a positive outlook.
The increase in the price target from $21 to $22 by Keybanc suggests a positive outlook for Gates Industrial Corp. The maintained Overweight rating indicates confidence in the company's performance, likely leading to a positive short-term impact on the stock price.
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