Advance Auto Parts (AAP) Shares Continue Lower Despite Analyst Defense

May 18, 2012 12:50 PM EDT
Get Alerts AAP Hot Sheet
Price: $42.58 +0.45%

Rating Summary:
    9 Buy, 30 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Shares of Advance Auto Parts (NYSE: AAP) are moving lower once again Friday following a Q1 miss Thursday morning and the resulting 17 percent decline in the stock. The stock is now trading around $67.90, down about 0.4 percent Friday afternoon.

The continued downside comes even as Raymond James' Daniel Wewer reiterated a Strong Buy rating on the stock and said the selloff is overdone. He suggested buying the stock amid the weakness.

Track all the market-moving analyst action on shares of Advance Auto Parts with our Analyst Ratings page.


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