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Fly News Breaks for August 18, 2015
AAP
Aug 18, 2015 | 08:36 EDT
Argus upgraded Advanced Auto Parts to Buy with a $217 price target to reflect continued progress in the integration the General Parts acquisition. The firm said the acquisition is providing significant cost synergies and management's forecast for an increase in the EBIT margin to 12% in 2016 is achievable through headcount reductions, store consolidation, and other efficiency measures.
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