BTIG Cuts Low Ests on Advanced Auto (AAP) Further Following Q2 Report; Affirms at 'Sell'
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August 18, 2016 11:57 AM EDT
Morgan Stanley reiterates an Overweight rating and $180.00 price target on Advance Auto Parts (NYSE: AAP) following the company's 2Q earnings report. While Q2 was a poor quarter, Morgan Stanley believes that it is too early to discredit the turnaround story.
Analyst Simeon Gutman... More
August 17, 2016 11:12 AM EDT
Credit Suisse reiterated an Outperform rating on Advance Auto Parts (NYSE: AAP), and raised the price target to $171.00 (from $155.00) following the company's 2Q earnings report.
Analyst Seth Sigman commented, "AAP remains one of the most interesting, but challenging stocks in our sector. The... More
August 17, 2016 9:03 AM EDT
Wedbush reiterated an Outperform rating on Advance Auto Parts (NYSE: AAP), and raised the price target to $175.00 (from $160.00), following the company's 2Q earnings report.
Analyst Seth Basham commented, "AAPs 2Q16 results beat top line expectations (comps -4.1% vs. our/consensus -4.5%), but missed bottom line expectations... More
August 16, 2016 8:13 AM EDT
Advance Auto Parts (NYSE: AAP) reported Q2 EPS of $1.90, $0.22 worse than the analyst estimate of $2.12. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.24 billion.
Comparable store sales fell 4.1 percent.
For earnings history and earnings-related data on Advance Auto Parts (AAP) click here.
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