Atlantic Equities Downgrades Advance Auto Parts to Underweight, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Atlantic Equities analyst Sam Hudson has downgraded Advance Auto Parts (NYSE:AAP) from Neutral to Underweight and lowered the price target from $130 to $50.
July 10, 2023 | 11:21 am
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Advance Auto Parts has been downgraded by Atlantic Equities from Neutral to Underweight, with a reduced price target from $130 to $50.
The downgrade from Neutral to Underweight by Atlantic Equities, along with a significant reduction in the price target, indicates a negative outlook for Advance Auto Parts. This could potentially lead to a decrease in the stock's price in the short term.
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