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

September 2, 2011 8:03 AM EDT
Get Alerts GPC Hot Sheet
Price: $96.29 +1.03%

Rating Summary:
    2 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 9
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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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