TD Cowen raised the firm’s price target on Advance Auto Parts (AAP) to $61 from $46 and keeps a Hold rating on the shares. The firm previewed it quarterly results where they expect results to remain debated as the guide has many moving pieces, but ultimately comes down to softer FY26 comps outlook, stronger margins, and 2027’s 7% EBIT margin target pushed out which will need comps to step up to ultimately reach.
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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