O’Reilly Automotive price target raised to $985 from $925 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the firm’s price target on O’Reilly Automotive to $985 from $925 and keeps an Overweight rating on the shares. With shares up 12% off March lows, the firm sees balanced risk/reward into a well-telegraphed EPS beat. Looking to Q2/beyond, Auto Parts remain resilient, O’Reilly Automotive is taking share, and Wells sees margin improvement potential through fiscal 2023.