Advance Auto Parts price target raised to $55 from $50 at Roth Capital

Roth Capital raised the firm’s price target on Advance Auto Parts (AAP) to $55 from $50 but keeps a Neutral rating on the shares. The firm’s 2025 and 2026 forecasts are being revised lower, primarily reflecting higher interest expense and a more modest outlook for operating margin expansion than previously expected, the analyst tells investors in a research note. While Roth remains encouraged by the progress Advance is making on its turnaround efforts, meaningful work still lies ahead to achieve its medium-term objectives, the firm added.