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Goldman Sachs Lifts Price Target on Genuine Parts (GPC), But Keeps Sell Rating

September 2, 2011 8:03 AM EDT Send to a Friend
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Price: $87.72 -1.09%

Rating Summary:
    1 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 21 | New: 42
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Goldman Sachs reiterated its Sell rating on Genuine Parts (NYSE: GPC) but upped its price target from $49 to $51.

The firm continues to expect the tailwinds benefiting GPC's Industrial and Automotive divisions to fade. In addition, the company faces difficult year-ago compares.

For more ratings news on Genuine Parts click here and for the rating history of Genuine Parts click here.

Shares of Genuine Parts closed at $55.40 yesterday.




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