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ORLY

O'Reilly Automotive

$197.22

-5.95 (-2.93%)

, AAP

Advance Auto Parts

$106.30

0.17 (0.16%)

09:53
08/11/17
08/11
09:53
08/11/17
09:53

O'Reilly Automotive shares gains re-accelerating, says Cleveland Research

Cleveland Research said its checks on auto parts industry trends in July were "slightly" more constructive with modest improvement in late-June through July, but "not overly positive." The checks came back most cautious on Advance Auto Parts (AAP) and pointed to O'Reilly Automotive (ORLY) share gains slightly re-accelerating, while the view on AutoZone (AZO) trends is largely unchanged.

ORLY

O'Reilly Automotive

$197.22

-5.95 (-2.93%)

AAP

Advance Auto Parts

$106.30

0.17 (0.16%)

AZO

AutoZone

$529.06

3.54 (0.67%)

  • 15

    Aug

ORLY O'Reilly Automotive
$197.22

-5.95 (-2.93%)

07/20/17
OPCO
07/20/17
NO CHANGE
Target $220
OPCO
Outperform
O'Reilly Automotive price target lowered to $220 from $300 at Oppenheimer
Oppenheimer analyst Brian Nagel lowered his price target for O'Reilly Automotive (ORLY) to $220 from $300 but reiterated an Outperform rating on the shares. While the inroads of Amazon (AMZN) and other online-only players might have contributed somewhat to top-line weakness at traditional chains lately, the analyst believes a confluence of unfavorable, largely cyclical factors appears to represent the primary culprit behind a recent shift lower in comp sales.
07/18/17
07/18/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt with analyst Alan Gould saying the report was "just too good" not to reexamine his rating. The analyst increased his price target to $200 from $155. 2. Chipotle (CMG) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson saying he believes that the introduction of queso dip will be an important catalyst in 2018 and now thinks the recent pullback in shares provide an opportunity to participate in the recovery at Chipotle. Anderson raised his 2018 earnings per share estimate to factor in a phased-in introduction of queso nationwide and increased his price target on Chipotle shares to $460 from $440. 3. O'Reilly Automotive (ORLY) upgraded to Buy from Neutral at Northcoast with analyst Nicholas Mitchell saying shares are down over 40% in the past year and believes the slowdown in same-store-sales to start the year was a result of lackluster consumer demand and not a dramatic shift to ecommerce. 4. Fifth Street Finance (FSC) upgraded to Buy from Neutral at National Securities and to Buy from Hold at Deutsche Bank. 5. SeaWorld (SEAS) upgraded to Neutral from Sell at Goldman Sachs with analyst Christopher Prykull saying that while concerns remain, the risk/reward is more balanced at current share levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/17
07/18/17
UPGRADE

Buy
O'Reilly Automotive upgraded to Buy on valuation at Northcoast
As previously reported, Northcoast upgraded O'Reilly Automotive to Buy from Neutral with a $230 price target. Analyst Nicholas Mitchell said shares are down over 40% in the past year and believes the slowdown in same-store-sales to start the year was a result of lackluster consumer demand and not a dramatic shift to ecommerce. Mitchell believes O'Reilly is still capable of posting 4% annual same-store-sales growth over the intermediate term and would be aggressive in repurchasing shares at these depressed levels
07/18/17
NRCS
07/18/17
UPGRADE
NRCS
Buy
O'Reilly Automotive upgraded to Buy from Neutral at Northcoast
AAP Advance Auto Parts
$106.30

0.17 (0.16%)

07/17/17
FBCO
07/17/17
NO CHANGE
Target $135
FBCO
Outperform
Advance Auto Parts price target lowered to $135 from $150 at Credit Suisse
Credit Suisse analyst Seth Sigman lowered his price target for Advance Auto Parts (AAP) to $135 from $150 following O'Reilly Automotive's (ORLY) weaker results that were validated by additional retail data points confirming a weaker June for the industry. The analyst reiterates an Outperform rating on Advance Auto Parts' shares.
07/26/17
GSCO
07/26/17
NO CHANGE
GSCO
Advance Auto Parts has highest probability of M&A in group, says Goldman Sachs
Goldman analyst Matthew Fassler sees increased likelihood of strategic or financial M&A in the Auto Parts Retail sector due to the selloff in the space, creating more attractive entry points. Fassler sees the highest probability of M&A activity for Advance Auto Parts, given margins are well below peers, and could benefit from a strategic deal with a higher margin operator that can implement best practices and financial synergies. Fassler incorporated a 15% weighting of an M&A value of $136 for Advance Auto Parts and increased his M&A value ranking to "2" from "3" on shares. The analyst rates Advance Auto Parts a Buy with a $136 price target.
08/07/17
UBSW
08/07/17
NO CHANGE
Target $155
UBSW
Buy
Advance Auto Parts price target lowered to $155 from $170 at UBS
UBS analyst Michael Lasser lowered his price target on Advance Auto Parts to $155 from $170 ahead of Q2 results, nothing he sees Q2 as a transitional period. He believes margins will decline, but improve going forward while lowering the bar for full year 2017. Lasser, who seesmore untapped value creation potential at Advance Auto Parts than just about any other hardline retailer, reiterated his Buy rating on the shares.
07/19/17
JEFF
07/19/17
NO CHANGE
JEFF
Jefferies lays out stocks 'overly discounting' Amazon risk
Amazon.com's (AMZN) planned purchase of Whole Foods Market (WFM) has further widened the valuation spread between consumer stocks the market views as resistant to the Aamzon threat and those viewed as vulnerable, Jefferies analysts including Andy Barish and Daniel Binder tells investors in a research note. They believe this dynamic has created opportunities. Specifically, the analysts feel shares of Wal-Mart (WMT), Hain Celestial (HAIN), Foot Locker (FL) and Advance Auto Parts (AAP) are "overly discounting" potential risk from Amazon. Jefferies also believes Casey's General Stores (CASY), Lamb Weston (LW), Murphy USA (MUSA), Monster Beverage (MNST), Starbucks (SBUX) and Ulta Beauty (ULTA) are "well insulated" from Amazon disruption.
AZO AutoZone
$529.06

3.54 (0.67%)

07/17/17
FBCO
07/17/17
NO CHANGE
Target $583
FBCO
Outperform
AutoZone price target lowered to $583 from $658 at Credit Suisse
Credit Suisse analyst Seth Sigman lowered his price target for AutoZone (AZO) to $583 from $658 following O'Reilly Automotive's (ORLY) weaker results that were validated by additional retail data points confirming a weaker June for the industry. The analyst reiterates an Outperform rating on AutoZone's shares.
07/17/17
WOLF
07/17/17
DOWNGRADE
WOLF
Underperform
AutoZone downgraded to Underperform from Peer Perform at Wolfe Research
07/20/17
OPCO
07/20/17
NO CHANGE
Target $610
OPCO
Outperform
AutoZone price target lowered to $610 from $900 at Oppenheimer
Oppenheimer analyst Brian Nagel lowered his price target for AutoZone (AZO) to $610 from $900 but reiterated an Outperform rating on the shares. While the inroads of Amazon (AMZN) and other online-only players might have contributed somewhat to top-line weakness at traditional chains lately, the analyst believes a confluence of unfavorable, largely cyclical factors appears to represent the primary culprit behind a recent shift lower in comp sales.
07/06/17
07/06/17
DOWNGRADE
Target $540

Equal Weight
AutoZone downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded AutoZone to Equal Weight from Overweight and cut its price target to $540 from $680. Analyst Simeon Gutman said DIY Auto retail market growth was weaker than expected in first half 2017 and now expects flattish same-store-sales growth for the year versus his initial forecast for +2.2% growth. Gutman now views AutoZone's risk/reward as balanced given limited industry and gross margin growth.

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TD Ameritrade

$42.44

-0.93 (-2.14%)

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DE

Deere

$113.40

-10.58 (-8.53%)

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CTL

CenturyLink

$19.13

-0.25 (-1.29%)

, LVLT

Level 3

$52.64

-0.35 (-0.66%)

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GD

General Dynamics

$197.16

-0.832 (-0.42%)

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  • 23

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IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

, RUT

Russell 2000 Index

10:02
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iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

RUT

Russell 2000 Index

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QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

10:00
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IMUC

ImmunoCellular

$0.32

-0.0191 (-5.65%)

09:56
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  • 23

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ROST

Ross Stores

$53.33

-1.04 (-1.91%)

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Estee Lauder

$102.49

4.165 (4.24%)

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Matson

$24.27

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