Morgan Stanley Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $130 to $80.
June 01, 2023 | 10:57 am
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Morgan Stanley maintains an Equal-Weight rating on Advance Auto Parts and lowers the price target from $130 to $80.
The lowered price target by Morgan Stanley analyst Simeon Gutman from $130 to $80 indicates a bearish outlook on Advance Auto Parts' stock. This news is directly related to the company and is likely to have a negative impact on its stock price in the short term.
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