Truist analyst Scot Ciccarelli lowered the firm's price target on Genuine Parts to $124 from $127 and keeps a Hold rating on the shares after its Q1 earnings beat. The company's Q1 trends rebounded from a tough Q4 with U.S. auto comp gain of 3% and North America EBITDA margin rising to 6.6% from 5.5% in Q4, the analyst tells investors in a research note. Shares are relatively inexpensive, but need Auto to inflect for the stock to re-rate, the firm added.
