JPMorgan lowered the firm’s price target on Advance Auto Parts (AAP) to $61 from $62 and keeps a Neutral rating on the shares. The firm adjusted targets in the retailing space as part of a Q4 earnings preview. JPMorgan “broadly optimistic” on its coverage in 2026, expecting improving sales trends over the year due to wage growth, fading goods inflation, replacement cycles, and tax stimulus.
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