Roth MKM resumed coverage of O’Reilly Automotive with a Buy rating and $1,337 price target O’Reilly is the fastest growing auto parts retailer and distributor in the U.S., operating in an aftermarket that has proven to be recession resistant over prior economic cycles, the analyst tells investors in a research note. The firm says the company’s “industry-leading” parts availability and a “professionally-driven” marketing approach should allow it to continue to post “outsized” same-store-sales and earnings growth over the coming quarters.
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