Morgan Joseph Starts U.S. Auto Parts Network (PRTS) at Buy; On Line Auto Parts Are Just A Click Away

Morgan Joseph initiates coverage on U.S. Auto Parts Network (NASDAQ: PRTS) with a Buy. PT $10.

Morgan analyst says, "With roughly 13mm monthly visitors to its Web sites, U.S. Auto Parts receives more comparable hits than the top four brick-and-mortar automotive aftermarket retailers combined. Commanding roughly one-third of the online automotive aftermarket e-commerce share, U.S. Auto Parts, in our opinion, appears well positioned to benefit from a growing trend of online activity."

"With the brick-and-mortar retailers beginning to invest in their online businesses, we think U.S. Auto Parts could, in turn, become an intriguing acquisition target for a retailer looking to make an immediate splash in the online market."

For more ratings news on U.S. Auto Parts Network click here and for the rating history of U.S. Auto Parts Network click here.

Shares of U.S. Auto Parts Network closed at $8.42 yesterday.

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