UBS maintains a 'Buy' on Advance Auto Parts (AAP); Supply Chain Investments are Under-Appreciated
AAP Hot Sheet
Rating Summary:2 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
UBS maintains a 'Buy' on Advance Auto Parts (NYSE: AAP) price target raised from $90 to $96.
UBS analyst says, "Questions always swirl around whether AAP can achieve peer level performance. We think the company is proving that it can and the fourth quarter was a powerful indication of this. The sequential DIY comp improvement, which was partly responsible for driving its 2.9% overall increase, shows that fewer distractions lead to superior execution. We expect that this will continue to be the case in 2012."
UBS raises FY12 EPS estimate from $5.75 to $5.85 and FY13 from $6.50 to $6.65.
For an analyst ratings summary and ratings history on Advance Auto Parts click here. For more ratings news on Advance Auto Parts click here.
Shares of Advance Auto Parts closed at $85.90 yesterday, with a 52 week range of $49.50-$86.30.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
UBS analyst says, "Questions always swirl around whether AAP can achieve peer level performance. We think the company is proving that it can and the fourth quarter was a powerful indication of this. The sequential DIY comp improvement, which was partly responsible for driving its 2.9% overall increase, shows that fewer distractions lead to superior execution. We expect that this will continue to be the case in 2012."
UBS raises FY12 EPS estimate from $5.75 to $5.85 and FY13 from $6.50 to $6.65.
For an analyst ratings summary and ratings history on Advance Auto Parts click here. For more ratings news on Advance Auto Parts click here.
Shares of Advance Auto Parts closed at $85.90 yesterday, with a 52 week range of $49.50-$86.30.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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