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Fly News Breaks for April 13, 2018
GPC
Apr 13, 2018 | 07:54 EDT
As previously reported, BofA/Merrill upgraded Genuine Parts to Neutral from Underperform and raised its price target to $96 from $80. Analyst Elizabeth Suzuki believes there is additional upside to shares following the spin-out announcement of Genuine Parts' office products division to Essendant. The company will now have only two reporting segments, making it a much simpler story for investors, Suzuki wrote in a note to investors.
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