UBS on U.S. Hardline Retail: Auto Parts May Be Running Out of Gas
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Price: $110.95 +0.22%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ORLY Now!
UBS on U.S. Hardline Retail: Auto Parts May Be Running Out of Gas
Analyst, Michael Lasser, has lowers price targets on O'Reilly's (Nasdaq: ORLY) and Advanced Auto (NYSE: AAP) to $101 and $80, respectively.
Lasser said ORLY's recent pre-announcement is just another sign that the environment has become more volatile and that the long streak of steadiness may be coming to a halt. As far as AAP, he feels comp store sales may be the most volatile going forward, considering the majority of the company's store are in the eastern portion of the U.S. Lasser thinks that the overall sector will be in the 'Penalty Box', at least in the near-term.
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Analyst, Michael Lasser, has lowers price targets on O'Reilly's (Nasdaq: ORLY) and Advanced Auto (NYSE: AAP) to $101 and $80, respectively.
Lasser said ORLY's recent pre-announcement is just another sign that the environment has become more volatile and that the long streak of steadiness may be coming to a halt. As far as AAP, he feels comp store sales may be the most volatile going forward, considering the majority of the company's store are in the eastern portion of the U.S. Lasser thinks that the overall sector will be in the 'Penalty Box', at least in the near-term.
To see more ratings on ORLY, Click Here
To see more ratings on AAP, Click Here
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