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2017-05-18 07:41:40 AAP Advance Auto Parts $144.56 -0.69 (-0.48%) 07:41 05/18/17 05/18 07:41 05/18/17 07:41	Advance Auto Parts likely to report fall in Q1 EPS, comp sales, says BTIG BTIG analyst Alan Rifkin estimates that Advance Auto's EPS dropped 10% in Q1 year-over-year, and he thinks that the company's comp sales fell year-over-year. The analyst says that its results were hurt by "unfavorable weather, tax refund delays, shift in New Year's Day, inventory streamlining and ongoing company-specific distribution/fulfillment issues." The analyst thinks that the company's Q1 comp sales may have dropped 2%. He keeps a Sell rating on the stock.	24 May
AAP Advance Auto Parts $144.56 -0.69 (-0.48%) 01/18/17 01/18/17 INITIATION On The Fly: Top five analyst initiations Catch up on today's top analyst initiations with this list compiled by The Fly: 1. AutoZone (AZO) and O'Reilly Automotive (ORLY) were initiated with a Buy at Guggenheim, while the firm initiated Advance Auto Parts (AAP) with a Neutral. 2 Kansas City Southern (KSU) was initiated with a Buy at Buckingham, while the firm initiated Norfolk Southern (NSC) and Union Pacific (UNP) with a Neutral. 3. Fortive (FTV) initiated with a Perform at Oppenheimer. 4. Halliburton (HAL) was initiated with a Buy at SunTrust, while the firm initiated Helmerich & Payne (HP) with a Sell. The firm also initiated Baker Hughes (BHI) and Schlumberger (SLB) with a Hold. 5. Expedia (EXPE) was initiated with a Strong Buy at Miller Tabak, while the firm initiated Priceline (PCLN) with a Buy and TripAdvisor (TRIP) with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here. 04/20/17 GABE 04/20/17 UPGRADE Target $186 GABE Buy Advance Auto Parts upgraded to Buy from Hold at Gabelli Gabelli analyst Carolina Jolly upgraded Advance Auto Parts to Buy with a PMV of $186 saying the recent share weakness reflects complexities surrounding inventory rationalization. The analyst increased his long-term free cash flow estimates to reflect management's focus on free cash conversion and improving algorithms for inventory optimization, which should result in margin growth in 2018. 02/07/17 JPMS 02/07/17 NO CHANGE JPMS JPMorgan sees buying opportunities in Autoparts Retailing The recent selloff of names in Autoparts Retailing from weather and Amazon.com (AMZN) competition has created an attractive buying opportunity for the group, JPMorgan analyst Christopher Horvers tells investors in a research note. The analyst views AutoZone (AZO) as the most attractive from a valuation standpoint. He has Overweight ratings on the shares as well as Advance Auto Parts (AAP). Horvers is surprised Neutral-rated O'Reilly Automotive (ORLY) has sold off this much given its "best-in-class execution and lower weather risk." The risk from Amazon is "at worst glacial and likely a lot more manageable than the stocks are saying," the analyst writes. He feels bad news is already priced into the group. 01/17/17 GUGG 01/17/17 INITIATION Target $173 GUGG Neutral Advance Auto Parts initiated with a Neutral at Guggenheim Guggenheim analyst Steven Forbes initiated Advance Auto Parts with a Neutral and a $173 price target.

2017-05-18 07:41:40

AAP

Advance Auto Parts

$144.56: -0.69 (-0.48%)

07:41

05/18/17

05/18

07:41

05/18/17

07:41

Advance Auto Parts likely to report fall in Q1 EPS, comp sales, says BTIG

BTIG analyst Alan Rifkin estimates that Advance Auto's EPS dropped 10% in Q1 year-over-year, and he thinks that the company's comp sales fell year-over-year. The analyst says that its results were hurt by "unfavorable weather, tax refund delays, shift in New Year's Day, inventory streamlining and ongoing company-specific distribution/fulfillment issues." The analyst thinks that the company's Q1 comp sales may have dropped 2%. He keeps a Sell rating on the stock.

24
May

AAP Advance Auto Parts

$144.56: -0.69 (-0.48%)

01/18/17

04/20/17: GABE

02/07/17: JPMS

01/17/17: GUGG

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Advance Auto Parts likely to report fall in Q1 EPS, comp sales, says BTIG

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