Genuine Parts price target raised to $195 from $186 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Genuine Parts to $195 from $186 and keeps a Buy rating on the shares after its Q1 earnings beat. Despite some softness in US Automotive due largely to weather related headwinds, the global Auto business delivered solid results as the company’s international operations remained strong, the analyst tells investors in a research note. Genuine Parts’ industrial business also continues to serve as a growth engine, delivering another quarter of double-digit comps and strong margin expansion, the firm added.