BofA raised the firm’s price target on O’Reilly Automotive to $1,290 from $1,204 and keeps a Buy rating on the shares after having attended the analyst day at the company’s distribution center outside of Chicago and coming away “optimistic in the company’s competitive advantages.” Given higher conviction on O’Reilly’s growth opportunity, the firm applies a higher multiple to its 2025 EPS estimate to arrive at its revised price target, the analyst explained.
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