Morgan Stanley Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $55
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 $75 to $55.
October 27, 2023 | 12:46 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Advance Auto Parts but lowered the price target from $75 to $55.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100