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Fly News Breaks for May 25, 2017
AAP
May 25, 2017 | 09:08 EDT
After Advance Auto reported weaker than expected results, Wedbush analyst Seth Basham says that the gap between the company's comp sales and those of its peers has narrowed. The analyst notes that the company's comp trends "improved markedly" in April and May. He thinks the company's performance will improve significantly going forward. The analyst cut his price target on the stock to $160 from $185 but keeps an Outperform rating.
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