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O’Reilly Automotive price target raised to $1,500 from $1,470 at Redburn Atlantic

Redburn Atlantic raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,500 from $1,470 and keeps a Buy rating on the shares. The stock’s current valuation is “warranted for a best-in-class operator with structural advantages in an attractive industry,” particularly given the potential upside to near-term earnings expectations, the analyst tells investors in a research note. The firm sees O’Reilly compounding its earnings at 11% annually over the next four years.

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