Truist analyst Scot Ciccarelli raised the firm’s price target on O’Reilly Automotive to $992 from $921 and keeps a Buy rating on the shares. The company reported a "strong" Q1 amid share gains and industry tailwinds, the analyst tells investors in a research note, adding that the firm expects O’Reilly to continue to experience robust growth for the foreseeable future. The stock’s premium valuation is well deserved given its "defensive growth" profile and high level of consistency, Truist added.
Published first on TheFly
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