Citi Adds Advanced Auto Parts (AAP) and Google (GOOG) to Recommended List
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Citi Adds Advance Auto Parts Inc (NYSE: AAP) to the Recommended List.
Citi analyst says, "In an effort to gain more exposure to the Retailers, an area we currently favor, we are placing Advanced Auto Parts on the Recommended List....Citi Retailing - Hardlines analyst, Kate McShane recently initiated on the company with a Buy rating and believes the company will benefit from a slowdown in car sales and is well positioned from a balance sheet standpoint.
Advance Auto Parts, Inc. (Advance) operates within the United States automotive aftermarket industry, which includes replacement parts (excluding tires), accessories, maintenance items, batteries and automotive chemicals for cars and light trucks (pickup trucks, vans, minivans and sport utility vehicles).
Citi adds Google (Nasdaq: GOOG) to the Recommended List.
Citi Internet Software and Services analyst, Mark Mahaney rates Google a Buy. Mahaney believes that the market has been indiscriminately selling high and low quality stocks and thus setting up higher quality names such as GOOG for eventual outperformance. His long-term thesis includes: 1) strong secular growth in online advertising; 2) direct exposure to search, the most robust online ad segment; 3) clear market leadership; 4) underappreciated potential for expansion beyond traditional search; and 5) the strongest outlook fundamentals in the sector.
Google Inc. maintains an index of Websites and other online content, and makes this information freely available to anyone with an Internet connection.
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Drie on Dec 19, 2008 07:41 PMhttp://www.drivewire.com/part/steering-tie-rod/power-steering-box/ In an effort to gain more exposure to the Retailers, an area we currently favor, we are placing Advanced Auto Parts on the Recommended List....Citi Retailing - Hardlines analyst, Kate McShane recently initiated on the company with a Buy rating and believes the company will benefit from a slowdown in car sales and is well positioned from a balance sheet standpoint.