Barclays Maintains Equal-Weight on O'Reilly Automotive, Raises Price Target to $986
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Equal-Weight rating on O'Reilly Automotive (NASDAQ:ORLY) and increased the price target from $954 to $986. This adjustment reflects a positive outlook on the company's stock, suggesting potential for modest growth.
January 04, 2024 | 12:22 pm
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Barclays analyst Seth Sigman has reaffirmed O'Reilly Automotive's Equal-Weight rating but raised the price target to $986, indicating a positive sentiment towards the company's stock value.
The increase in price target by Barclays reflects an analyst's positive reassessment of O'Reilly Automotive's stock value. While the Equal-Weight rating suggests that the stock is adequately valued at its current price, the raised target implies that there is potential for modest appreciation. This could lead to increased investor interest and a short-term positive impact on the stock price.
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