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Fly News Breaks for November 13, 2015
AAP
Nov 13, 2015 | 07:28 EDT
UBS said much of the weakness in Advance Auto Parts' Q3 results stemmed from disruptions from its integration with acquisitions, particularly at the legacy Carquest stores. The firm said new members added to the board, a search for a CEO, and a motivated investor are all likely to change the way the company will look a year from now. UBS said they see upside as the integration continues and reiterated its Buy rating, but lowered its price target to $190 from $200 on Advance Auto shares.
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