DA Davidson raised the firm’s price target on Advance Auto Parts (AAP) to $58 from $47 and keeps a Neutral rating on the shares after its Q4 earnings beat. The company still sees a 7% margin goal as a reasonable midterm goal, but achieving that by 2027, which has been the goal since the new management team put the plan in place in November, 2024, is proving difficult, the analyst tells investors in a research note.
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Read More on AAP:
- Advance Auto Parts price target raised to $60 from $45 at Morgan Stanley
- Advance Auto Parts price target raised to $60 from $55 at BMO Capital
- Advance Auto Parts price target raised to $48 from $40 at BofA
- Advance Auto Parts price target raised to $64 from $61 at JPMorgan
- Sell Rating Maintained Amid Uncertain Earnings Conversion and Mixed Demand Trends