Reported 3 days ago
BofA Securities has raised the price target for Advance Auto Parts Inc. (AAP) from $33 to $39, maintaining an Underperform rating. This adjustment reflects observed progress in the company's strategic initiatives, with a revised EPS outlook for 2025 projected at $2.00, up from $1.70. Despite a slight dip in comparable store sales in Q1 2025, which outperformed expectations, concerns about strategic investment returns and potential consumer uncertainty remain, prompting caution on future sales and margins.
Source: YAHOO