Raymond James lowered the firm’s price target on Advance Auto Parts to $160 from $180 and keeps a Strong Buy rating on the shares. While Advance Auto’s comp performance vs. peers remains disappointing, it did narrow the comp gap some in Q4, including market share gains in the DIY segment, the analyst tells investors in a research note. Raymond James believes Advance Auto’s near- and long-term opportunity remains favorable, especially at the current valuation.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AAP:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 10, 2023
- Advance Auto Parts upgraded to Equal Weight from Underweight at Barclays
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Advance Auto Parts cut to Hold at Argus on flat margins, paused buybacks
- Advance Auto Parts downgraded to Hold from Buy at Argus
