Genuine Parts cuts 2024 earnings forecast on industrial business weakness; shares dip

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Go back to Genuine Parts cuts 2024 earnings forecast on industrial business weakness; shares dip

Genuine Parts (GPC) PT Lowered to $125 at BofA Securities

October 24, 2024 6:24 AM EDT

BofA Securities analyst Elizabeth Suzuki lowered the price target on Genuine Parts (NYSE: GPC) to $125.00 (from $153.00) while maintaining a Neutral rating.

The analyst comments "Q3 adj EPS $1.88 missed est $2.43 & cons $2.42 as a sluggish demand environment across Auto (comp +0.2% y/y) &... More

Genuine Parts (GPC) PT Lowered to $125 at UBS

October 23, 2024 6:32 AM EDT

UBS analyst Michael Lasser lowered the price target on Genuine Parts (NYSE: GPC) to $125.00 (from $145.00) while maintaining a Neutral rating.

The analyst comments "GPC's 3Q results missed; outlook cut reflects weak environment to persist in 4Q While GPC's investment case offers much potential, the company has not delivered on this... More