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Garrett Motion (GTX) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Wed Feb 25, 8:20PM CST

In a report released on February 23, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Garrett Motion, with a price target of $23.00. The company’s shares closed yesterday at $19.28.

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According to TipRanks, Jones is a top 25 analyst with an average return of 23.9% and a 76.40% success rate. Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, Ingersoll Rand, and Lincoln Electric Holdings.

In addition to Stifel Nicolaus, Garrett Motion also received a Buy from BWS Financial’s Hamed Khorsand in a report issued on February 23. However, on February 19, TipRanks – OpenAI reiterated a Hold rating on Garrett Motion (NASDAQ: GTX).

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Based on Garrett Motion’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $891 million and a net profit of $84 million. In comparison, last year the company earned a revenue of $844 million and had a net profit of $100 million

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