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Fly News Breaks for January 9, 2019
AAP
Jan 9, 2019 | 07:13 EDT
As previously reported, BofA/Merrill upgraded Advance Auto Parts to Buy from Neutral and maintained a $200 price target. Analyst Elizabeth Suzuki said the recent pullback provides a buying opportunity combined with a strengthening macro backdrop for Advance Auto's addressable market. The analyst is forecasting above-average growth due to its high exposure to the accelerating DIFM market, which will drive comp and margin improvement.
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