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.
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