From Financial Modeling Prep: 2025-04-04 15:56:00

Evercore ISI upgraded Genuine Parts Company (NYSE:GPC) to Outperform with a $135 price target, citing stability in a volatile market, potential tariff tailwinds, and cost-cutting initiatives. Analysts believe GPC is well-positioned to handle global trade tensions and could benefit from store closures at Advance Auto Parts, leading to organic growth and cost savings.

The automotive and industrial segments of Genuine Parts have pricing power to absorb higher input costs from tariffs. Forecasts are below consensus but analysts view expectations as conservative. With store closures at AAP, GPC may capture displaced business, further boosted by cost savings from restructuring. The industrial segment could see strength from U.S. manufacturing trends.

With 12% upside to the new target and a 3.4% dividend yield, analysts find Genuine Parts increasingly attractive for investors seeking defensive growth in an uncertain economic environment. The stock is trading around 14x what’s considered depressed 2026 earnings and offers potential for upside from organic growth and cost savings.



Read more at Financial Modeling Prep:: Genuine Parts Gets an Upgrade: Resilient Business,…