DA Davidson raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,525 from $1,450 and keeps a Buy rating on the shares. The company put up the best comp of the year in the auto parts space, mostly due to share gains as traffic growth was the biggest contributor, the analyst tells investors in a research note. Same SKU inflation helped by about 1% – similar to past quarters – but as the economy starts to see more inflation, this could be an incremental benefit to 2025, the firm added.
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