Advance Auto Parts price target lowered to $55 from $68 at JPMorgan

JPMorgan lowered the firm’s price target on Advance Auto Parts to $55 from $68 and keeps a Neutral rating on the shares as part of an earnings preview. The firm lowered comp and margin estimates below the Street to reflect ongoing maintenance deferral weakness at the low end. It is “tough to turn a ship in a receding tide,” the analyst tells investors in a research note.