Morgan Stanley analyst Simeon Gutman raised the firm’s price target on O’Reilly Automotive (ORLY) to $115 from $105 and keeps an Overweight rating on the shares. Following the Q3 report, the firm continues to view O’Reilly as “a best-in-class retailer with the ability to continue gaining market share in the structurally advantaged Auto Parts sector,” the analyst tells investors.
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