Gates Industrial (GTES) receives target price increase as confidence in margin expansion grows.

From Yahoo Finance: 2025-06-15 05:49:00

Gates Industrial Chemical Corporation (NYSE:GTES) is identified as one of the 8 cheap beginner stocks to buy right now. KeyBanc analyst Jeffrey Hammond raised the price target for GTES to $26 on June 9, maintaining an Overweight rating. The company is effectively managing elements to boost earnings and grow market share without relying on higher volume. Confidence is growing in the company’s ability to meet margin targets by 2026. Gates Industrial is a multinational producer of fluid power and power transmission solutions for various markets. While GTES shows potential, some AI stocks may offer greater upside potential with less downside risk. No disclosures.



Read more at Yahoo Finance: Gates Industrial (GTES) Gets Target Hike as Margin Expansion Confidence Grows