Morgan Stanley Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) but lowered the price target from $80 to $75.
August 24, 2023 | 1:22 pm
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Morgan Stanley has maintained an Equal-Weight rating on Advance Auto Parts but lowered the price target from $80 to $75, which may impact the stock's performance.
The lowering of the price target by Morgan Stanley, a major financial institution, could lead to a decrease in investor confidence in Advance Auto Parts, potentially causing a short-term drop in the stock's price.
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