Barclays Maintains an 'Overweight' on O'Reilly Automotive (ORLY); Raising Estimates and PT Again - Remains a Top Pick

Barclays maintains an 'Overweight' on O'Reilly Automotive (NASDAQ: ORLY) price target raised from $80 to $100.

Barclays analyst says, "We are again raising our estimates and price target on ORLY based on strong fundamentals and continued industry strength: We believe that fundamentals, in particular for the commercial side of the business, are particularly robust and that ORLY's industry-leading position in commercial should allow it to continue to gain market share. In light of these ongoing positive trends, we are raising our 2011 EPS estimate from $3.73 to $3.74 (based on 5% comps), our 2012 EPS estimate from $4.25 to $4.40 (based on 5% comps), and our 2013 EPS estimate from $4.90 to $5.05 (also based on 5% comps). Our new 2012 and 2013 EPS estimates are $0.05 and $0.10 above the Street, respectively."

For an analyst ratings summary and ratings history on O'Reilly Automotive click here. For more ratings news on O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $77.03 yesterday.

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