JPMorgan analyst Christopher Horvers upgraded O'Reilly Automotive to Overweight from Neutral and raised his price target for the shares to $398 from $311. The analyst sees "strong" fundamentals with "structurally positive industry factors." He likes the autoparts space relative to others in his coverage given its "failure/maintenance-driven demand and limited price transparency in the DIFM channel." Further, the analyst sees potential upside to O'Reilly's estimates going forward.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here