Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast
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Advance Auto Parts (AAP) PT Lowered to $85 at Jefferies
August 23, 2024 8:53 AM EDTJefferies analyst Bret Jordan lowered the price target on Advance Auto Parts (NYSE: AAP) to $85.00 (from $100.00) while maintaining a Buy rating.
The analyst comments "Q2 comp was +0.4% & EPS $0.75 vs cons -0.5% & $0.93 as price investments & labor spend pressured EBIT -200 bps y/y to... More
Advance Auto Parts (AAP) PT Lowered to $50 at Wells Fargo
August 23, 2024 5:35 AM EDTWells Fargo analyst Zachary Fadem lowered the price target on Advance Auto Parts (NYSE: AAP) to $50.00 (from $60.00) while maintaining a Equal Weight rating.
The analyst comments "FY24 guidance lowered, but still includes Worldpac (for now). AAP's lowered FY24 outlook includes: 1) Comps of... More
Advance Auto Parts (AAP) PT Lowered to $55 at CFRA
August 22, 2024 9:41 AM EDTCFRA analyst Garrett Nelson lowered the price target on Advance Auto Parts (NYSE: AAP) to $55.00 (from $70.00) while maintaining a Hold rating.
The analyst comments "We lower our 12-month price by $15 to $55, based on a '25 P/E of 15.1x, a... More
Citi Reiterates Neutral Rating on Advance Auto Parts (AAP)
August 22, 2024 8:05 AM EDTCiti analyst Steven Zaccone reiterated a Neutral rating and $64.00 price target on Advance Auto Parts (NYSE: AAP).
The analyst comments "AAPs 2Q results included a plethora of details which will be clarified on the 8AM ET conference call (i) the most... More
