RBC Capital raised the firm’s price target on Advance Auto Parts (AAP) to $65 from $62 and keeps a Sector Perform rating on the shares. The company delivers strong Q1 results, with comp sales of 3.5% topping consensus, and traffic coming in positive across both Pro and DIY segments, providing another proof point that Advance Auto’s operational changes are resonating with the consumer, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $65 from $60 at Morgan Stanley
- Advance Auto Parts price target raised to $65 from $60 at UBS
- Advance Auto Parts price target raised to $65 from $60 at BMO Capital
- Advance Auto Parts price target raised to $60 from $57 at Citi
- Advance Auto Parts price target raised to $60 from $50 at Wells Fargo