Wells Fargo Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $80 to $70.
June 05, 2023 | 10:47 am
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Wells Fargo maintains an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $80 to $70.
The news directly mentions Advance Auto Parts (NYSE:AAP) and the lowered price target by Wells Fargo analyst Zachary Fadem. This may cause some investors to reevaluate their positions, but the Equal-Weight rating suggests that the stock is fairly valued, and the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100