Goldman Sachs Maintains Neutral Rating for Genuine Parts: Here's What You Need To Know

Goldman Sachs has decided to maintain its Neutral rating of Genuine Parts GPC and lower its price target from $178.00 to $152.00.

Shares of Genuine Parts are trading up 0.0% over the last 24 hours, at $130.12 per share.

A move to $152.00 would account for a 16.82% increase from the current share price.

About Genuine Parts

Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.