DA Davidson lowered the firm’s price target on Advance Auto Parts (AAP) to $55 from $63 and keeps a Neutral rating on the shares after its Q3 results. The company has articulated tangible progress on a number of key operational initiatives which are leading to the 80bps of margin improvement from the bottom on a last-12-months basis and the impact of First Brand bankruptcy seems limited, but on the other hand, like others, comps weakened later in Q3 and into Q4, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAP:
- Advance Auto Parts: Hold Rating Amid Uncertainty in Sustainability and Volatility
- Advance Auto Parts price target raised to $62 from $44 at JPMorgan
- Advance Auto Parts price target lowered to $55 from $60 at Citi
- Advance Auto Parts Reports Strong Q3 2025 Performance
- Hold Rating for Advance Auto Parts Amid Uncertain Outlook and Market Share Challenges