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Deutsche Bank Downgrades O'Reilly Automotive (ORLY) to Hold; Valuation Call

February 10, 2012 7:23 AM EST
Get Alerts ORLY Hot Sheet
Price: $1,135.52 --0%

Rating Summary:
    21 Buy, 18 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
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Deutsche Bank downgraded O'Reilly Automotive (NASDAQ: ORLY) from Buy to Hold with a price target of $91.00.

Deutsche analyst says, "This target is based on 17x our 2013 EPS estimate, which is $0.13 above consensus, and in line with our long-term growth rate assumption of 17%. This is the primarily factor to our downgrade. We also believe that ORLY is in the middle innings of the benefits of the CSK acquisition and that sale growth rates are now looking closer to competitors, but not materially above. Lastly, we think improving new car sales and economic indicators may weigh against comp growth in 2013, reducing the likelihood of upside next year and impacting sentiment this year."

"We are increasing our 2012 estimate to $4.50 from $4.44, primarily on the overage in 4Q11, but are maintaining 2013 at $5.22..."

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 $84.34 yesterday.


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