There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Advance Auto Parts (AAP) and Sunoco LP (SUN) with bullish sentiments.
Advance Auto Parts (AAP)
In a report released yesterday, Scot Ciccarelli from RBC Capital maintained a Buy rating on Advance Auto Parts, with a price target of $162. The company’s shares closed last Monday at $142.23.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 16.2% and a 71.7% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.
Advance Auto Parts has an analyst consensus of Moderate Buy, with a price target consensus of $177.33, implying a 35.6% upside from current levels. In a report issued on August 6, UBS also maintained a Buy rating on the stock with a $205 price target.
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Sunoco LP (SUN)
RBC Capital analyst Elvira Scotto maintained a Buy rating on Sunoco LP yesterday and set a price target of $32. The company’s shares closed last Monday at $30.91.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of 20.1% and a 65.4% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Dcp Midstream Partners Lp, and Plains All American.
Sunoco LP has an analyst consensus of Hold, with a price target consensus of $34.
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