Goldman Sachs analyst Kate McShane downgraded Genuine Parts to Sell from Neutral with a price target of $93, down from $101. Consensus estimates are too high and do not appropriately reflect a "sluggish" macroeconomic outlook in Europe, McShane tells investors in a research note. The analyst sees headwinds for Genuine's European automotive business and expects deceleration in sales trends for the company's U.S. automotive business starting in the second half of 2020 as it begins to lap tariff-related inflationary benefits. The stock's valuation at current levels "appears lofty in the face of decelerating top-line trends," says McShane.