Goldman Sachs analyst Kate McShane raised the firm’s price target on O’Reilly Automotive to $1,170 from $1,022 and keeps a Buy rating on the shares. The company missed on the top line and EBIT margin, while its FY24 EBIT margin guidance came in below expectations, pressuring the stock after earnings, the analyst tells investors in a research note. The firm added however that it is encouraged by management’s 3%-5% comp guidance, which is in line with historical guidance ranges and suggests a more normalized growth environment.
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