Truist raised the firm’s price target on Advance Auto Parts (AAP) to $51 from $34 but keeps a Hold rating on the shares. The company’s Q1 results were better than expected, with sales modestly better than anticipated due to better Pro sales, the analyst tells investors in a research note. Truist adds however that it would prefer to see more than a single quarter of better performance to get more constructive on the stock.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAP:
- Advance Auto Parts price target raised to $47 from $45 at DA Davidson
- Advance Auto Parts price target raised to $50 from $36 at UBS
- Advance Auto Parts price target raised to $53 from $40 at TD Cowen
- Advance Auto Parts price target raised to $50 from $40 at BMO Capital
- Advance Auto Parts price target raised to $39 from $33 at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue