Raymond James raised the firm’s price target on O’Reilly Automotive (ORLY) to $115 from $105 and keeps an Outperform rating on the shares. O’Reilly delivered a strong Q1 beat on comps and EPS driven by market share gains across DIFM/DIY, with reaffirmed full-year guidance but improving underlying trends suggesting upside to comp expectations, while higher SG&A growth was tied to stronger performance rather than cost pressure, supporting the view of O’Reilly as a high-quality defensive compounder with durable long-term growth drivers, the analyst tells investors in a research note.
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