Advance Auto Parts (AAP) Gets a Buy Rating from Morgan Stanley


Morgan Stanley analyst Simeon Gutman maintained a Buy rating on Advance Auto Parts (AAP) today and set a price target of $175.00. The company’s shares closed last Monday at $95.25, close to its 52-week low of $93.88.

According to TipRanks.com, Gutman is a 2-star analyst with an average return of -1.7% and a 43.5% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Floor & Decor Holdings.

Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $158.78.

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The company has a one-year high of $182.56 and a one-year low of $93.88. Currently, Advance Auto Parts has an average volume of 1.07M.

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Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac.

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