Citigroup Maintains Neutral on Advance Auto Parts, Lowers Price Target to $45
Citigroup analyst Steven Zaccone maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $57 to $45.
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Advance Auto Parts Analysts Cut Their Forecasts After Q2 Results
Advance Auto Parts Inc (AAP) reported mixed Q2 results with adjusted EPS of $1.03 beating consensus of 81c, but sales of $2.00B falling short of $2.039B estimate. FY 2016 adjusted EPS guidance raised to $2.60-$3.30 while maintaining sales outlook of $8.485B-$8.575B. Analysts lowered price targets on AAP stock.
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Advance Auto Parts Posts Disappointing Q2 Comp on High Exposure to Lower-End Customers
AAP reports mixed Q2 results. Analysts lower price targets amid concerns about reinvestment and sales acceleration.
Read original at benzingaGoldman Sachs Maintains Sell on Advance Auto Parts, Lowers Price Target to $40
Goldman Sachs analyst Kate McShane maintains Advance Auto Parts (NYSE:AAP) with a Sell and lowers the price target from $54 to $40.
Read original at benzingaTruist Securities Maintains Hold on Advance Auto Parts, Lowers Price Target to $43
Truist Securities analyst Scott Ciccarelli maintains Advance Auto Parts (NYSE:AAP) with a Hold and lowers the price target from $62 to $43.
Read original at benzinga