Advance Auto stock plunges 35% after forecast, dividend cut

Go back to Advance Auto stock plunges 35% after forecast, dividend cut

Advance Auto Parts (AAP) PT Lowered to $74 at DA Davidson

May 31, 2023 5:23 PM EDT

DA Davidson analyst Michael Baker lowered the price target on Advance Auto Parts (NYSE: AAP) to $74.00 (from $142.00) while maintaining a Neutral rating.

The analyst comments "The key discussion points on AAPs call was the their evolving pricing strategy in the commercial... More