Baird analyst Michael Halloran lowered the firm’s price target on Gates Industrial to $18 from $19 and keeps an Outperform rating on the shares. The firm said they posted healthy 4Q upside driven by notable margin upside in both segments and roughly in-line sales levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GTES: