Barclays Maintains Equal-Weight on Advance Auto Parts, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Equal-Weight rating on Advance Auto Parts (AAP) and increased the price target from $56 to $66.
February 29, 2024 | 2:10 pm
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Barclays has maintained an Equal-Weight rating on Advance Auto Parts and raised the price target from $56 to $66.
The increase in price target by Barclays reflects a positive outlook on Advance Auto Parts, suggesting potential upside for the stock. Given the significance of analyst ratings and price targets on investor sentiment, this adjustment is likely to be viewed positively by the market, potentially leading to a short-term increase in AAP's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90