Wolfe Research analyst Chris Bottiglieri upgraded O'Reilly Automotive to Outperform from Peer Perform with a price target of $436, up from $371. The analyst said O'Reilly is the stock to own in an improving demand environment and notes May DIY headwinds are behind it, indicating some upside to comps relative to Q2's pace. Also, Bottiglieri expects price increases to continue, supporting comps, and views risk/reward as attractive.
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