Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium

FBR Capital Reiterates Outperform on Dana Holdings (DAN) Following 3Q

FBR Capital reiterated an Outperform rating and $17.00 price target on Dana Holdings (NYSE: DAN) following the company's 3Q earnings report. Management noted on the 3Q16 call that it expects to remain on track with Ford Super Duty production in 4Q16. This was reassuring, given that Ford implemented a two-week halt of F-150 production at one plant in North America this week. Also, FBR estimates that Dana's proposed acquisition of SIFCO S.A. for $85 million, announced on October 12,... More

Jefferies Cuts Price Target on Genuine Parts (GPC) to $95 Following 3Q Report

Jefferies maintained a Hold rating on Genuine Parts (NYSE: GPC), and cut the price target to $95.00 (from $105.00), following the company's 3Q earnings report. Auto sales increased 1.5% yr/yr to $2.10B despite a core auto sales decline of 1.5% yr/yr. Industrial revenue declined 0.7% yr/yr... More

Wedbush Cuts Price Target on Genuine Parts (GPC) to $95 Following 3Q

Wedbush maintained a Neutral rating on Genuine Parts (NYSE: GPC), and cut the price target to $95.00 (from $98.00), following the company's 3Q earnings report. GPC noted that the comp performance gap between weather-impacted regions including the Northeast and Central remained in same 400 bps... More

RBC Capital Reiterates Sector Perform on Intel (INTC) Following 3Q Beat

RBC Capital reiterated a Sector Perform rating on Intel (NASDAQ: INTC), and cut the price target to $37.00 (from $38.00), following the company's 3Q earnings report. INTC reported revenues of $15.78B, ahead of the Street's $15.58B. EPS was reported at $0.80 vs. the Street's estimate of $0.73.

Analyst Amit Daryanani commented, "While investors will likely be... More