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Fly News Breaks for November 28, 2016
AAP
Nov 28, 2016 | 06:15 EDT
JPMorgan analyst Christopher Horvers added Advance Auto Parts to his firm's Analyst Focus List and upped his price target for the shares to $196 from $169. The company "represents the best turnaround story in one of the best sectors in retail," Horvers tells investors in a research note. The analyst is positive on new CEO Tom Greco's "culture-changing management team." He views Advance Auto as a value pick and keeps an Overweight rating on the shares.