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Genuine Parts Company (GPC) Gets a Hold Rating from Evercore ISI Evercore ISI analyst Greg Melich maintained a Hold rating on Genuine Parts Company (GPC – Research Report) on April 23. The company’s shares closed last Friday at $122.33, close to its 52-week high of $123.22. According to TipRanks.com, Melich is a 3-star analyst with an average return of 9.8% and a 62.9% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Advance Auto Parts, and Walmart. Currently, the analyst consensus on Genuine Parts Company is a Moderate Sell with an average price target of $111.67, a -7.5% downside from current levels. In a report issued on April 20, RBC Capital also maintained a Hold rating on the stock with a $115.00 price target. ....
10 Best Rebound Stocks to Buy Now The unprecedented economic turmoil of 2020 looks set to be over and the stock market is slowly recovering to pre-pandemic highs. The vaccine rollout in the United States and Europe also points to signs of a turnaround for many industries that stand to benefit from the easing of restrictions. Investors who held on to their stocks through the lows of the lockdown and did not panic can expect record gains. According to investment bank Morgan Stanley, 2021 is expected to be a bull year for the stock market as it returns to normal after an uneven 2020. ....