DA Davidson raised the firm’s price target on O’Reilly Automotive to $1,200 from $1,100 and keeps a Buy rating on the shares. The stock fell on earnings because, after a string of strong beats, comps were only in line to even slightly below published estimates, the analyst tells investors in a research note. The firm adds however that each time in the past seven years when the stock has sold off on earnings, that has represented a buying opportunity.
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