Advance Auto Parts price target raised to $68 from $47 at RBC Capital

RBC Capital raised the firm’s price target on Advance Auto Parts to $68 from $47 but keeps a Sector Perform rating on the shares after its Q4 results. The company’s new management seems to have a good handle on the necessary steps to regain share and improve margins, though given the many announced turnaround plans and false starts in the past, consistent execution over the course of a few quarters will likely be needed for shares to pick up real momentum, the analyst tells investors in a research note.