JPMorgan raised the firm’s price target on Advance Auto Parts (AAP) to $64 from $61 and keeps a Neutral rating on the shares post the earnings report. The firm says the company’s operational turnaround continues to progress.
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Read More on AAP:
- Sell Rating Maintained Amid Uncertain Earnings Conversion and Mixed Demand Trends
- Advance Auto Parts Earnings Call Marks Margin Rebound
- Advance Auto Parts’ Heavy Debt Load Raises Liquidity, Refinancing and Turnaround Risks
- Advance Auto Parts: Early Turnaround Progress Supports But Does Not Yet Justify More Than a Hold Rating
- Hold Rating Maintained on AAP Amid Execution Risks, Slower Margin Progress, and Soft Top-Line Trends