Barclays analyst Seth Sigman raised the firm’s price target on O’Reilly Automotive to $868 from $815 and keeps an Overweight rating on the shares. The company’s Q1 was positive as it demonstrated "very strong" market share momentum in Commercial, a reacceleration in do-it-yourself, and a positive outlook for margins as various cost pressures normalize, the analyst tells investors in a research note.
Published first on TheFly
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