As previously reported, Baird initiated coverage of O’Reilly Automotive (ORLY) with an Outperform rating and $115 price target calling the company a “value creation machine with a consistent track record of consolidating share while generating exceptional ROIC.” The firm is “highly confident” in management’s ability to execute, adds the analyst, who also cites “superior” comp visibility and the prospect for an inflection in EBIT margins for the firm’s bullish view.
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