BofA analyst Robert Ohmes raised the firm’s price target on Advance Auto Parts (AAP) to $48 from $40 and keeps an Underperform rating on the shares. The firm cites a roll forward of its valuation basis and progress on initiatives for its higher target, but reiterates an Underperform rating given consumer uncertainty that could pressure Advance’s sales and margin rate in 2026 and beyond.
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Read More on AAP:
- Sell Rating Maintained Amid Uncertain Earnings Conversion and Mixed Demand Trends
- Advance Auto Parts Earnings Call Marks Margin Rebound
- Advance Auto Parts’ Heavy Debt Load Raises Liquidity, Refinancing and Turnaround Risks
- Advance Auto Parts: Early Turnaround Progress Supports But Does Not Yet Justify More Than a Hold Rating
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