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.
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