BMO Capital raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,450 from $1,400 and keeps an Outperform rating on the shares. The company’s Q4 results were mixed with greater-than-expected comps but margins coming in below expectations, and while the quarter gave investors a little more pause than usual, a “more conservative approach” to guidance is prudent given the macro backdrop, the analyst tells investors in a research note.
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