Raymond James Downgrades Advance Auto Parts to Market Perform
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Bobby Griffin downgraded Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform.
June 01, 2023 | 11:19 am
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NEGATIVE IMPACT
Advance Auto Parts (NYSE:AAP) has been downgraded from Strong Buy to Market Perform by Raymond James analyst Bobby Griffin.
The downgrade from Strong Buy to Market Perform by Raymond James analyst Bobby Griffin indicates a change in outlook for Advance Auto Parts. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100