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Fly News Breaks for April 20, 2017
AAP
Apr 20, 2017 | 08:08 EDT
Gabelli analyst Carolina Jolly upgraded Advance Auto Parts to Buy with a PMV of $186 saying the recent share weakness reflects complexities surrounding inventory rationalization. The analyst increased his long-term free cash flow estimates to reflect management's focus on free cash conversion and improving algorithms for inventory optimization, which should result in margin growth in 2018.
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