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.
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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