Citi analyst Kate McShane lowered her price target for Advance Auto Parts (AAP) to $99 after the company dropped the midpoint of its comp guidance to down 2% from up 1%. While Advance's growth initiatives will take time to gain traction, it's "highly alarming" that the company will likely diverge from O'Reilly Automotive (ORLY) again starting in Q3, especially with years of easy stacked comparisons, McShane tells investors in a research note. She thinks O'Reilly and AutoZone (AZO) remain the better way to gain exposure to auto parts retailing. The analyst keeps a Neutral rating on Advance Auto Parts.

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