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Fly News Breaks for December 17, 2015
AAP, AZO, ORLY
Dec 17, 2015 | 07:28 EDT
As previously reported, Citi analyst Kate McShane upgraded O'Reilly (ORLY) to Buy from Neutral, calling it the premium operator in its space, ahead of competitors Autozone (AZO), which can't match O'Reilly's distribution center square footage advantage, and Advance Auto Parts (AAP), which is likely to take some time to integrate after its merger with Carquest. McShane raised her price target on shares of the company to $295 from $275.
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