Barclays Reiterates an 'Overweight' on O'Reilly Automotive (ORLY); Focus on CSK Productivity Gains Likely to Drive Comps

Barclays reiterates an 'Overweight' on O'Reilly Automotive (NASDAQ: ORLY) price target of $71.00.

Barclays analyst says, "Reiterate top pick on growth prospects and fundamentals: We favorably view the shift to increasing productivity, following the CSK integration. We believe O'Reilly will continue to benefit from favorable industry trends, albeit this year's trends should not be as strong as last year's. With increasing cash flow as a result of substantial operational strength, we believe O'Reilly will be increasingly focused on enhancing shareholder value with sustained buybacks going forward. We firmly reiterate our rating, given the company's strong growth prospects and fundamentals."

For more ratings news on O'Reilly Automotive click here and for the rating history of O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $62.19 yesterday.

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