Goldman Sachs Downgrades Advance Auto Parts to Neutral, Lowers Price Target to $82
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Kate McShane downgrades Advance Auto Parts (NYSE:AAP) from Buy to Neutral and lowers the price target from $155 to $82.
June 01, 2023 | 10:10 am
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Goldman Sachs downgraded Advance Auto Parts (NYSE:AAP) to Neutral and reduced the price target from $155 to $82.
The downgrade from Buy to Neutral and the significant reduction in the price target by Goldman Sachs indicate a less optimistic outlook for Advance Auto Parts. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new rating and price target.
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