Wells Fargo raised the firm’s price target on O’Reilly Automotive to $1,250 from $1,200 and keeps an Overweight rating on the shares. While incremental news was expectedly limited at O’Reilly’s 2024 Analyst Day, tone was constructive, and the firm walked away more comfortable on the state of the auto aftermarket and the company’s long-term growth/share gain opportunity.
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