UBS analyst Michael Lasser raised the firm’s price target on O’Reilly Automotive to $1,055 from $940 and keeps a Buy rating on the shares. O’Reilly continues to rapidly gain market share, and the firm notes that DIY comped positively each month of the quarter, the analyst tells investors in a research note. The firm is modeling sequential moderation in comp through the rest of the year, with low single digit comp in 2H23, and forecasts just below 6% comp in 2023.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ORLY:
- O’Reilly Automotive price target raised to $920 from $820 at Wedbush
- O’Reilly Automotive, Inc. Reports First Quarter 2023 Results
- O’Reilly Automotive reports Q1 EPS $8.36, consensus $8.00
- O’Reilly Automotive price target raised to $950 from $945 at Evercore ISI
- O’Reilly Automotive comps skew positive ahead of Q1, says DA Davidson
