O’Reilly Automotive price target raised to $975 from $900 at RBC Capital

RBC Capital analyst Steven Shemesh raised the firm’s price target on O’Reilly Automotive to $975 from $900 and keeps an Outperform rating on the shares. The company reported "another solid quarter" and its top-line prospects remain encouraging as industry trends appear to have largely normalized since the pandemic, the analyst tells investors in a research note. Some additional room for margin expansion exists, but EBIT growth will likely be the management’s main focus, RBC added.