Goldman Sachs Upgrades Advance Auto Parts (AAP) to Buy, Adds To Buy List

September 18, 2008 7:09 AM EDT

Goldman Sachs upgrades Advance Auto Parts Inc. (NYSE: AAP) from Neutral to Buy and adds the stock to its Conviction Buy List with a $45 price target.

Shares of Advance Auto Parts closed at $38.24 yesterday with a 52-week range of $30.17 - $45.52.

Advance Auto Parts, Inc. operates as a specialty retailer of automotive parts, accessories, and maintenance items for do-it-yourself and do-it-for-me customers in the automotive aftermarket industry


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