DA Davidson raised the firm’s price target on O’Reilly Automotive (ORLY) to $115 from $107 and keeps a Buy rating on the shares. O’Reilly, along with competitors, is starting to see some higher product costs and that is being flowed to customers as expected, therefore acting as a comp enhancer, the analyst tells investors in a research note. The firm believes O’Reilly is a tariff beneficiary, which should lead to continued comp strength and potential beats.
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