O’Reilly Automotive added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI is adding O’Reilly Automotive (ORLY) to the firm’s “Tactical Outperform” list as the analyst believes a “favorable & rational backdrop” should support a modest beat on the quarter. The firm models Q1 comp growth of 5.8%, above the Street at 5.5%, with “solid flow through” resulting in EPS of 71c, a penny above the Street, the analyst tells investors. Evercore has an Outperform rating and $110 price target on the shares.