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Fly News Breaks for February 21, 2018
GPC
Feb 21, 2018 | 07:39 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on Genuine Parts to $100 after the company's Q4 results and lower than expected FY18 outlook. The analyst notes that while the Industrial business exceeded expectations, Office/Business Products segment continues to deteriorate. Ciccarelli keeps his Sector Perform rating based on the soft OBP and the cyclicality of the Industrial business.
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