Genuine Parts Company (NYSE: GPC) is listed as one of the Best Dividend Stocks for Retirement. Truist raises GPC’s price target to $146 and maintains a Buy rating after the company’s positive third-quarter results. The US Auto segment saw 2.2% growth, with the Industrial division also showing signs of improvement.

Truist sees the Industrial business as promising, while the Auto division is expected to see steady gains. Activist investor Elliott Management’s involvement could lead to the separation of GPC’s key business segments. GPC continues to attract income-focused investors with its reliable dividend history spanning 69 years.

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Read more at Yahoo Finance: Truist Raises Genuine Parts (GPC) Price Target to $146, Reaffirms Buy Rating