Truist raised the firm’s price target on O’Reilly Automotive (ORLY) to $108 from $107 and keeps a Buy rating on the shares following Q1 earnings. Truist suspects that favorable weather and higher tax refunds could have boosted Q1 results a bit, but the underlying trends are very strong, according to the firm. With strong margins and an increasingly aggressive buyback posture, Truist remains aggressive buyers of O’Reilly Automotive, the firm told investors in a research note.
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