Genuine Parts (GPC) Tops Q4 EPS by 5c
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Sterne Agee CRT Remains Bullish on Genuine Parts (GPC); Says Headwinds are 'Transitory'
February 18, 2016 2:10 PM ESTSterne Agee CRT maintained a Buy rating on Genuine Parts (NYSE: GPC), and cut the price target to $100.00 (from $105.00), following the company's 4Q. Sterne Agee CRT expects unfavorable FX and industrial softness to persist, but views these headwinds as transitory, and forecast improved results... More
Jefferies Raises Price Target on Genuine Parts (GPC) as NAPA Appears Poised for Growth
February 17, 2016 9:31 AM ESTJefferies reiterated a Buy rating on Genuine Parts (NYSE: GPC), and raised the price target to $105.00 (from $100.00), following the company's 4Q earnings report. Given solid demand drivers, company owned, NAPA appears poised for mid-single digit growth in '16 while EBIT margin expansion likely... More
Wedbush Downgrades Genuine Parts (GPC) to Neutral
February 17, 2016 7:10 AM ESTWedbush downgraded Genuine Parts (NYSE: GPC) from Outperform to Neutral with a price target of $91.00 (from $93.00).
Analyst Seth Basham commented, "GPC delivered a low-quality beat in 4Q15 and issued 2016 guidance shy of consensus expectations. That set of facts was enough to push GPC shares... More
