Genuine Parts price target raised to $133 from $129 at Truist

Truist raised the firm’s price target on Genuine Parts (GPC) to $133 from $129 and keeps a Buy rating on the shares. The company’s Q4 results were soft at both segments, but its FY25 guide was in-line with estimates, the analyst tells investors in a research note. Investors were likely braced for this performance, Truist adds, noting that it continues to expect second half improvements in both of the company’s segments, as Auto benefits from harsh winter weather and higher same SKU inflation, while Industrial is boosted by higher production activity.