Raymond James has upgraded Genuine Parts Company (GPC) to Strong Buy with a $145 price target, anticipating that the planned separation of its automotive and industrial businesses will unlock significant value. Analyst Sam Darkatsh believes the recent dip in GPC’s stock offers a favorable entry point, noting that the company’s shares are trading below their implied fair value. The separation is expected to be completed by Q1 2027, with investor days planned for late 2026 to provide further clarity on the individual units.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Raymond James Bullish on Genuine Parts (GPC) Transformation, Sets $145 Price Target
Raymond James has upgraded Genuine Parts Company (GPC) to Strong Buy with a $145 price target, anticipating that the planned separation of its automotive and industrial businesses will unlock significant value. Analyst Sam Darkatsh believes the recent dip in GPC’s stock offers a favorable entry point, noting that the company’s shares are trading below their implied fair value. The separation is expected to be completed by Q1 2027, with investor days planned for late 2026 to provide further clarity on the individual units.