Evercore ISI analyst Greg Melich raised the firm’s price target on O’Reilly Automotive to $1,230 from $1,215 and keeps an Outperform rating on the shares. Investing in team members, distribution, and tech “shows commitment to widening the competitive moat” at O’Reilly, says the firm, which believes the company is positioned to continue compounding in a defensive growth/niche auto aftermarket space.
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