Share on StockTwits
 

A number of firms have modified their ratings and price targets on shares of Advance Auto Parts (NYSE: AAP) recently:

  • Advance Auto Parts had its price target raised by analysts at UBS AG from $135.00 to $145.00. They now have a “buy” rating on the stock.
  • Advance Auto Parts had its price target raised by analysts at Nomura from $115.00 to $120.00. They now have a “neutral” rating on the stock. They wrote, “Auto part retailers appear to have ended 2013 on a strong note. Comps accelerated by 80bps to reach 5.4% for ORLY while AAP stemmed declines of nearly 2% during the first nine months to post a 0.1% gain for Q4. The strong exit rate from 2013 is an auspicious start to this year and might imply that the weather effect is real and could continue for several quarters. While the full demand implications are unclear, we believe the trends that supported ORLY and AAP’s acceleration have carried over to Buy-rated AZO.”
  • Advance Auto Parts had its price target raised by analysts at JPMorgan Chase & Co. from $135.00 to $138.00.
  • Advance Auto Parts had its price target raised by analysts at RBC Capital from $131.00 to $146.00. They now have a “top pick” rating on the stock.
  • Advance Auto Parts had its price target raised by analysts at Raymond James from $125.00 to $145.00.
  • Advance Auto Parts had its price target raised by analysts at Wedbush from $130.00 to $150.00. They now have an “outperform” rating on the stock.

Advance Auto Parts Inc. (NYSE:AAP) opened at 125.44 on Wednesday. Advance Auto Parts Inc. has a 52-week low of $75.62 and a 52-week high of $128.10. The stock has a 50-day moving average of $115.1 and a 200-day moving average of $96.82. The company has a market cap of $9.127 billion and a price-to-earnings ratio of 23.18.

Advance Auto Parts, Inc. (NYSE:AAP) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.