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RBC Capital Keeps Their Buy Rating on Gates Industrial (GTES)

Tipranks - Tipranks - Tue May 5, 6:36AM CDT

In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Gates Industrial, with a price target of $30.00.

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Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Carrier Global. According to TipRanks, Dray has an average return of 14.3% and a 62.73% success rate on recommended stocks.

Gates Industrial has an analyst consensus of Strong Buy, with a price target consensus of $31.11.

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Based on Gates Industrial’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $851.1 million and a net profit of $59.7 million. In comparison, last year the company earned a revenue of $847.6 million and had a net profit of $62 million

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