Barclays Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman maintains an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $129 to $69.
June 01, 2023 | 11:18 am
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Barclays analyst Seth Sigman maintains an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $129 to $69.
The lowered price target from $129 to $69 by Barclays analyst Seth Sigman indicates a bearish outlook on Advance Auto Parts. This news is likely to have a negative impact on the stock price in the short term as it suggests a significant decrease in the stock's perceived value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100