Argus initiated coverage of O’Reilly Automotive (ORLY) with a Buy rating and $120 price target The company has a history of growth and profitability, and the firm estimates 9%-10% EPS growth over the next two years, the analyst tells investors in a research note. The stock has also had a long record of outperformance and is in a bullish technical pattern that dates to 2021, the firm added.
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