Gates Industrial (NYSE:GTES) Research Coverage Started at Jefferies Financial Group

According to a report by MarketBeat, Jefferies Financial Group has started coverage on shares of Gates Industrial NYSEGTES with a buy rating and a price objective of $21.00. This means that the brokerage firm believes that the stock is undervalued and expects it to increase in value to reach this target price.

In addition to Jefferies Financial Group, other equities analysts have also weighed in on Gates Industrial NYSEGTES. TheStreet has raised its rating of the stock from "hold" to "buy," indicating that it believes the company's prospects are improving and that investors should consider buying the stock.

Gates Industrial is a leading manufacturer of industrial equipment, including conveyor belts, material handling systems, and other products used in various industries such as food processing, packaging, and logistics. The company operates in North America and Europe and has a strong presence in both regions.

It's worth noting that the research coverage started at Jefferies Financial Group is not a guarantee of future performance, and investors should conduct their own research and consider seeking advice from a financial advisor before making any investment decisions.