Redburn Atlantic upgraded Advance Auto Parts (AAP) to Neutral from Sell with a price target of $45, up from $28. Although Advance is yet to make meaningful progress with its turnaround and concerns regarding its investment plan and balance sheet remain, the company will benefit from the favorable second half of 2025 backdrop, the analyst tells investors in a research note. The firm says this will help the company to accelerate comp and earnings growth, as was seen in fiscal 2021. The growth will likely to support the stock price in the near term, contends Redburn.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAP:
- Unusually active option classes on open May 28th
- Advance Auto Parts price target raised to $50 from $40 at Roth Capital
- Advance Auto Parts price target raised to $51 from $34 at Truist
- Advance Auto Parts price target raised to $47 from $45 at DA Davidson
- Advance Auto Parts price target raised to $50 from $36 at UBS
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue