Genuine Parts Company (NYSE:GPC) is among the 15 Dividend Stocks that have raised payouts for over 20 years. UBS raised its price target for GPC from $135 to $140 on October 10, maintaining a Neutral rating on the stock. The company is set to discuss its ongoing strategic review during its third-quarter earnings release on October 21.

Investors are watching for evidence that GPC is stabilizing its market share in key categories. UBS expects the company’s core business trends to remain steady, aligning with market expectations. GPC has a reliable dividend history, rewarding shareholders for 69 consecutive years with a quarterly dividend of $1.03 per share and a dividend yield of 3.08%.

Genuine Parts Company operates the world’s largest automotive parts network with over 10,800 locations globally. The company has expanded its reach by acquiring smaller businesses in domestic and international markets to strengthen its presence and diversify its portfolio.

While GPC presents potential as an investment, certain AI stocks may offer greater upside potential. For those interested in undervalued AI stocks that benefit from current economic trends, consider exploring other investment options.

Read more at Yahoo Finance: UBS Raises Price Target on Genuine Parts (GPC) Ahead of Q3 Earnings