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Fly News Breaks for December 16, 2015
AZO, ORLY, AAP
Dec 16, 2015 | 07:46 EDT
UBS said they cannot substantiate market rumors of Advance Auto Parts (AAP) being approached by another party. However, they believe the theory of a pairing makes sense. The firm believes O'Reilly (ORLY) and Autozone (AZO) are two companies that make sense for a potential deal, citing their superior architecture, integration experience and trust of the markets. UBS reiterated its Buy rating and $190 price target on Advance Auto Parts shares.
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