William Blair analyst Phillip Blee has maintained their neutral stance on AAP stock, giving a Hold rating today.
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Phillip Blee has given his Hold rating due to a combination of factors influencing Advance Auto Parts. The company reported strong first-quarter results, which were positively received, and it maintained its full-year guidance despite uncertainties such as potential tariff impacts and a fluctuating consumer environment.
The stock experienced a significant increase in value, partly driven by high short interest and low expectations from the market, especially after a competitor, O’Reilly, presented mixed results. These elements suggest a cautious optimism, leading to a Hold rating as the company navigates these challenges while showing signs of improvement.
According to TipRanks, Blee is a 3-star analyst with an average return of 6.9% and a 62.86% success rate. Blee covers the Consumer Cyclical sector, focusing on stocks such as Traeger, Arhaus, and Costco.
In another report released today, Roth MKM also maintained a Hold rating on the stock with a $40.00 price target.