UBS maintains a 'Buy' on Advance Auto Parts (AAP); Supply Chain Investments are Under-Appreciated
Tweet
Share
E-mailGet Alerts AAP Hot Sheet
Price: $56.55 --0%
Rating Summary:
9 Buy, 30 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
Rating Summary:
9 Buy, 30 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
Join SI Premium – FREE
UBS maintains a 'Buy' on Advance Auto Parts (NYSE: AAP) price target raised from $90 to $96.
UBS analyst says, "Questions always swirl around whether AAP can achieve peer level performance. We think the company is proving that it can and the fourth quarter was a powerful indication of this. The sequential DIY comp improvement, which was partly responsible for driving its 2.9% overall increase, shows that fewer distractions lead to superior execution. We expect that this will continue to be the case in 2012."
UBS raises FY12 EPS estimate from $5.75 to $5.85 and FY13 from $6.50 to $6.65.
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 $85.90 yesterday.
UBS analyst says, "Questions always swirl around whether AAP can achieve peer level performance. We think the company is proving that it can and the fourth quarter was a powerful indication of this. The sequential DIY comp improvement, which was partly responsible for driving its 2.9% overall increase, shows that fewer distractions lead to superior execution. We expect that this will continue to be the case in 2012."
UBS raises FY12 EPS estimate from $5.75 to $5.85 and FY13 from $6.50 to $6.65.
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 $85.90 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AEON Biopharma, Inc (AEON) PT Lowered to $1.20 at H.C. Wainwright
- Gemini Space Station (GEMI) PT Lowered to $7 at Mizuho
- Dillard's Inc. (DDS) PT Raised to $468 at UBS
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
