RBC Capital Maintains Sector Perform on Advance Auto Parts, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh maintains a Sector Perform rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $158 to $84.
June 01, 2023 | 1:06 pm
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RBC Capital maintains a Sector Perform rating on Advance Auto Parts and lowers the price target from $158 to $84.
The lowered price target from RBC Capital indicates a bearish outlook on Advance Auto Parts' stock. This news is directly related to AAP and is important for investors as it reflects the analyst's view on the company's future performance. The lowered price target suggests a potential downside for the stock, which may lead to a short-term negative impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100