Genuine Parts rises after Raymond James lifts to 'strong buy'

Genuine Parts

24/02/2026 13:39

** Shares of automotive and industrial parts distributor Genuine Parts GPC.N up 2.4% at about $119 premarket

** Raymond James upgrades rating to "strong buy" from "market perform", maintains PT at $145

** Brokerage says improving industrial trends and valuations well below peers are creating meaningful upside despite recent share weakness

     ** Says co has positive catalysts on the horizon, with the market undervaluing its businesses going into the planned separation

** Five of 13 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $135 - data compiled by LSEG

** As of last close, shares down 5.5% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))