BGB Securities Reiterates GP Strategies Buy, $18 PT

BGB Securities reiterated its GP Strategies (GPX) Buy rating and $18 price target in a research report published today. In the report, BGB Securities states, "We are reiterating our Buy rating and $18 price target on GPX after reporting a strong quarter highlighted by strong top-line growth and good margins. Backlog is up 14% on an organic basis, illustrating an overall positive demand environment for its training, consulting and engineering services." Shares of GP Strategies closed today at $11.97, down 4.24% from Wednesday's market close.