UBS Sees O'Reilly (ORLY) Comps In Line at 2%

UBS maintained a Buy rating on O'Reilly Automotive (NASDAQ: ORLY) and trimmed its price target to $103.00 (from $94.00).

Analyst said indications of soft auto parts demand caused Q3 O’Reilly expectations to moderate, with the street expecting comps of 2 percent. Analysts said they believe there is a 90 percent confidence interval on comps hitting guidance of 1 to 3 percent. There is also potential for a beat, which could trigger a relief rally.

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 $80.32 yesterday.

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