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Fly News Breaks for June 2, 2016
AAP
Jun 2, 2016 | 07:46 EDT
BTIG analyst Alan Rifkin initiated Advance Auto Parts with a Sell rating and a $120 price target. Rifkin expects Advance Auto Parts' comps to weaken in 2016, noting it has lost market share every quarter since Q3 2010, and said the company has a low degree of cyclicality, among other reasons.
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