Reported 2 days ago
Gates Industrial (GTES) received an upgraded price target from $23 to $26 by KeyBanc analyst Jeffrey Hammond, reflecting confidence in the company's margin expansion capabilities despite inconsistent market demands. This outlook follows discussions with investors and the company’s CEO, Ivo Jurek. With a focus on innovation and market share growth, Gates Industrial aims to enhance profitability without relying solely on volume increases, positioning itself favorably for the future.
Source: YAHOO