TD Cowen Reiterates Hold Rating on Advance Auto Parts (AAP)

TD Cowen analyst Max Rakhlenko reiterated a Hold rating and $40.00 price target on Advance Auto Parts (NYSE: AAP).

The analyst commented, "AAP provided an outline for its latest turnaround, which if successful will stabilize operations & provide a more clear path forward. That said, AAP has little wiggle room, margin targets seem optimistic, and execution will need to significantly strengthen to reach bogeys. We're most focused on the supply chain rebuild which in our view the entire turnaround ultimately hinges on."

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 $37.69 yesterday.

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