RBC Capital Maintains Sector Perform on Advance Auto Parts, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Advance Auto Parts (NYSE:AAP) but lowered the price target from $84 to $70.
August 24, 2023 | 3:52 pm
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Advance Auto Parts' price target has been lowered from $84 to $70 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Advance Auto Parts, which could negatively impact the stock's price in the short term. However, the maintenance of the 'Sector Perform' rating suggests that the company is still expected to perform on par with other companies in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100