Nomura Securities Maintains a 'Neutral' on O'Reilly Automotive (ORLY); Q2 Preview

Nomura Securities maintains a 'Neutral' on O'Reilly Automotive (NASDAQ: ORLY) price target of $65.00.

Nomura analyst, Aram Rubinson, said, "ORLY will report Q2 results after the close on Wednesday. We are looking for $0.96, in line with the Street (also at $0.96). Our sense is that these forecasts are reasonable; we would not expect much in the way of upside.We prefer AutoZone (NYSE: AZO)(Buy), which has a similar opportunity set, but has already achieved the sought-after working capital state and already trades with a generous 9% free cash flow yield. We rate Advanced Auto (NYSE: AAP) Reduce."

For more ratings news on O'Reilly Automotive click here and for the rating history of O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $62.19 yesterday.

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