O’Reilly Automotive price target raised to $1,350 from $1,200 at Wedbush

Wedbush raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,350 from $1,200 and keeps a Neutral rating on the shares. The firm notes the company reported Q4 results that were better than consensus expectations on the top line and slightly than expectations on the bottom line excluding a one-time item and tax rate benefit. However, in a repeat of guidance at the outset of 2024, soft margin guidance for 2025 will likely weigh on shares this morning, Wedbush says.