Truist raised the firm’s price target on O’Reilly Automotive (ORLY) to $109 from $103 and keeps a Buy rating on the shares. O’Reilly’s Q2 results were in-line or slightly better than expected, driven by 10% Commercial sales growth, the analyst tells investors in a research note. Same-SKU inflation is starting to provide benefits and remains a key part of the firm’s bull thesis, Truist says.
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