Evercore ISI raised the firm’s price target on Advance Auto Parts (AAP) to $65 from $60 and keeps an In Line rating on the shares, which the analyst also added to the firm’s “Tactical Outperform” list ahead of Q1 results. The stock’s recent decline sets it up “favorably for a rebound,” suggesting “promising potential for mid-teens upside” as the upcoming earnings report “could lead to a notable price adjustment based on performance metrics and market reaction,” the analyst tells investors.
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Read More on AAP:
- Advance Auto Parts price target lowered to $59 from $64 at JPMorgan
- Advance Auto Parts price target lowered to $55 from $57 at Truist
- Advance Auto Parts price target lowered to $62 from $63 at RBC Capital
- Advance Auto Parts price target raised to $57 from $55 at Citi
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