Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Advance Auto Parts (AAP) to $60 from $45 and keeps an Equal Weight rating on the shares. Q4 results reflect stabilizing margins, but sustaining further progress will require top-line re-acceleration and the path to the medium-term 7% target “remains uncertain,” the analyst tells investors in a post-earnings note.
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Read More on AAP:
- 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
- Advance Auto Parts Earnings Call Marks Margin Rebound