Positive Report for Advance Auto Parts from Credit Suisse


In a report released yesterday, Seth Sigman from Credit Suisse upgraded Advance Auto Parts (NYSE: AAP) to Buy, with a price target of $130. The company’s shares opened today at $123.25.

According to TipRanks.com, Sigman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.1% and a 45.4% success rate. Sigman covers the Services sector, focusing on stocks such as Camping World Holdings, Dick’s Sporting Goods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Advance Auto Parts is Moderate Buy and the average price target is $130.60, representing a 6.0% upside.

In a report issued on May 8, Atlantic Equities also upgraded the stock to Buy with a $140 price target.

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The company has a one-year high of $138.23 and a one-year low of $78.81. Currently, Advance Auto Parts has an average volume of 1.14M.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is neutral on the stock.

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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for professional installers, do-it-yourself customers, and independently owned operators. It offers automotive parts and batteries, accessories and chemicals, and engine maintenance.

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