Genuine Parts Company Announces Automotive Acquisition In Australia
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Sterne Agee CRT Cuts Price Target on Genuine Parts (GPC) Following 2Q15 Results
July 21, 2015 9:02 AM EDTSterne Agee CRT reiterated a Buy rating on Genuine Parts (NYSE: GPC), and cut the price target to $107.00 (from $108.00), following 2Q15 results. Analyst Ali Faghri said that 1H2015 was weaker than expected, but expects improved performance in 2H2015.
Faghri commented, "GPC's 1H2015... More
Genuine Parts (GPC) to Acquire Australia-Based Covs Parts
July 17, 2015 9:00 AM EDTGenuine Parts (NYSE: GPC) announced an acquisition for its Automotive Parts Group.
GPC Asia Pacific, the Company's wholly-owned automotive distribution company based in Melbourne, Australia, has entered into a definitive agreement to acquire Covs Parts Pty Ltd ("Covs Parts") from its parent company, Automotive Holdings Group ("AHG"). AHG is a publicly listed automotive retailing and logistics group... More
