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AAP

Advance Auto Parts

$144.40

0.03 (0.02%)

07:33
08/12/19
08/12
07:33
08/12/19
07:33

JPMorgan likes risk/reward on Advance Auto shares into earnings

JPMorgan analyst Christopher Horvers likes the risk/reward on shares of Advance Auto Parts into the company's earnings report on August 13. The same-store-sales bar looks achievable while gross margins have upside potential as LIFO headwinds moderate, Horvers tells investors in a pre-earnings research note. He sees potential for earnings upside and believes the "easy" short case is evaporating. The analyst keeps an Overweight rating on Advance Auto with a $222 price target.

  • 13

    Aug

  • 25

    Sep

AAP Advance Auto Parts
$144.40

0.03 (0.02%)

05/14/19
RBCM
05/14/19
NO CHANGE
Target $178
RBCM
Outperform
Advance Auto Parts price target lowered to $178 from $194 at RBC Capital
RBC Capital analyst Scot Ciccarelli lowered his price target on Advance Auto Parts to $178 and also reduced his Q1 EPS view by 4c to $2.32 to reflect the adverse headwinds in the quarter, even though he expects the demand to shift to Q2/Q3 and maintains his FY19 projections. The analyst also models a lower forward earnings multiple of 22-times vs. 24-times prior to reflect the recent contractions across the market, but also keeps his Outperform rating, saying Advance Auto Parts management has the "potential to significantly enhance performance, including better comp growth and 500+ bps of EBIT margin expansion."
06/27/19
NRCS
06/27/19
DOWNGRADE
NRCS
Neutral
O'Reilly Automotive downgraded to Neutral from Buy at Northcoast
Northcoast analyst Seth Woolf downgraded O'Reilly Automotive (ORLY) to Neutral from Buy, stating that he is not as constructive on the space as he had been after recent channel checks that suggest demand trends slowed in May. He added that, "more importantly," his miles driven index shows total miles driven trends have "continued to stagnate" after being weak in Q1. Automotive aftermarket retailers are in an extremely competitive environment, said Woolf, who keeps Neutral ratings on O'Reilly peers AutoZone (AZO) and Advance Auto Parts (AAP).
07/11/19
GSCO
07/11/19
INITIATION
Target $151
GSCO
Sell
Advance Auto Parts initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Kate McShane started Advance Auto Parts with a Sell rating and $151 price target. The company continues to lag peers on a number of metrics, particularly on profitability, McShane tells investors in a research note. Her price target implies 3% share downside.
07/17/19
FBCO
07/17/19
NO CHANGE
Target $195
FBCO
Outperform
Walmart partnership could serve as driver for Advance Auto Parts, says Credit Suisse
Credit Suisse analyst Seth Sigman notes that Advance Auto (AAP) has launched what appears to be the initial phases of its partnership with Walmart (WMT), adding about 5,000 SKUs to the Walmart website. The analyst ultimately believes that, if done right, this could serve as an incremental driver for Advance Auto Parts, benefiting from Walmart's growing online traffic and product offering. That said, more important for the stock in short term will be improving comps after the slow start and weather impact in Q2, along with instilling confidence in the margin outlook, he contends. Sigman has an Outperform rating and $195 price target on Advance Auto Parts' shares.

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CMS

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$62.13

0.04 (0.06%)

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LLY

Eli Lilly

$111.63

0.2 (0.18%)

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TOT

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KMPR

Kemper

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0.48 (0.64%)

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TLND

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BA

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SPX

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