UBS analyst Michael Lasser noted he is modeling a 2.5% decline in comps for O'Reilly Automotive, which is below consensus. He believes the early winter weather was supportive of auto parts sales but the coldest and snowiest March in years may have stymied the demand that sets in with the spring. Despite the weather, he still believes there were positive developments during the quarter. Lasser maintained his Buy rating and $300 price target on O'Reilly shares.
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