DA Davidson raised the firm’s price target on Advance Auto Parts (AAP) to $65 from $47 and keeps a Neutral rating on the shares. Advance Auto Parts pre-announced Q2 results in-line to at the high end of previous guidance, as well as announcing a $1.5B debt offering, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAP:
- Advance Auto Parts price target raised to $56 from $52 at Evercore ISI
- Cautious Outlook: Hold Rating on Advance Auto Parts Amid Mixed Performance Indicators
- Advance Auto Parts Announces Credit Agreement Amendment
- Advance Auto Parts sees Q2 revenue $1.98B-$2B, consensus $1.97B
- Advance Auto Parts price target raised to $44 from $38 at Mizuho