Mizuho Initiates Coverage On Advance Auto Parts with Neutral Rating, Announces Price Target of $78
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst David Bellinger initiates coverage on Advance Auto Parts (NYSE:AAP) with a Neutral rating and a price target of $78.

March 19, 2024 | 11:23 am
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NEUTRAL IMPACT
Mizuho initiated coverage on Advance Auto Parts with a Neutral rating and set a price target of $78.
The initiation of coverage by Mizuho with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, a Neutral rating suggests that Mizuho does not see significant upside or downside in the near term, which is why the short term impact on the stock price is likely neutral. The price target of $78 offers a reference point for valuation but does not imply a strong movement in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100