DA Davidson elevated O’Reilly Automotive to the firm’s “Best-of-Breed Bison” designation while keeping a Buy rating on the shares with a $1,100 price target. The firm says O’Reilly fits 11 of the 12 criteria required to qualify as a “Best-of-Breed Bison,” including trading at a discount to intrinsic value, which it calculates at approximately $1,100 using a discounted cash flow model. The company’s other attributes that stand out include a “strong moat, favorable industry trends, and a shareholder-oriented management team,” the analyst tells investors in a research note.
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