BMO Capital initiated coverage of Advance Auto Parts (AAP) with a Market Perform rating and $45 price target The firm says Advance Auto is an “early-innings turnaround story.” While the company’s overall strategy makes sense and management has followed its plan so far, BMO is on the sidelines pending some tangible operating results, the analyst tells investors in a research note.
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Read More on AAP:
- Advance Auto Parts (AAP) Stock Falls on Moody’s Downgrade
- Advance Auto Parts price target lowered to $45 from $60 at Evercore ISI
- Advance Auto Parts price target lowered to $36 from $44 at BofA
- Advance Auto Parts price target raised to $50 from $46 at RBC Capital
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