Morgan Stanley raised the firm’s price target on Advance Auto Parts (AAP) to $55 from $48 and keeps an Equal Weight rating on the shares. Following Q2 results, the firm sees lower visibility to low-single-digit comp growth, arguing that the results “reaffirmed the complexity of this turnaround” and signal Advance “remains in the early stages.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $53 from $51 at Truist
- Advance Auto Parts Returns to Profitability in Q2 2025
- Cautious Optimism for Advance Auto Parts Amid Mixed Financial Signals
- Advance Auto Parts price target lowered to $63 from $65 at DA Davidson
- Deere, Cisco dip after quarterly reports: Morning Buzz