Reported 3 months ago
TD Cowen has raised its price target for Advance Auto Parts, Inc. (AAP) from $40 to $53, while maintaining a Hold rating. This adjustment follows the company's better-than-expected Q1 fiscal 2025 results, where it reported revenues of $2.58 billion, exceeding market predictions despite a year-over-year decline. The firm remains optimistic about the company's potential, especially in the Do-It-For-Me segment, and believes Advance Auto Parts will meet its annual targets.
Source: YAHOO