Analyst Upgrade on Genuine Parts (GPC) Follows Planned Business Split

2026-03-12 07:35:50

Raymond James upgraded Genuine Parts Co. (GPC) to Strong Buy with a $145 price target, based on a sum-of-the-parts valuation after the company announced its plan to separate its automotive and industrial businesses. The firm anticipates the split to be completed by Q1 2027 and believes industrial demand is showing an inflection point, benefiting GPC. The valuation model applied different EBITDA multiples to GPC’s industrial and automotive segments, reflecting industry peers and projected market conditions.

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