Raymond James analyst Bobby Griffin lowered the firm’s price target on Advance Auto Parts to $180 from $200 and keeps a Strong Buy rating on the shares. While Advance Auto Parts’ comp performance vs. peers remains disappointing, it did narrow the comp gap this quarter including market share gains in the DIY segment, and Raymond James remains a believer that the near- and long-term opportunity remains favorable, the analyst tells investors in a research note.
Published first on TheFly
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- Advance Auto Parts price target lowered to $153 from $159 at Citi
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- Advance Auto Parts sees FY23 EPS $10.20-$11.20
- Advance Auto Parts reports Q4 adjusted EPS $2.88, consensus $2.39
