Wells Fargo Maintains Overweight on O'Reilly Automotive, Lowers Price Target to $1200
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Overweight rating on O'Reilly Automotive (ORLY) but has lowered the price target from $1300 to $1200.
April 25, 2024 | 1:55 pm
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Wells Fargo maintains an Overweight rating on O'Reilly Automotive but lowers the price target from $1300 to $1200.
The adjustment in price target by Wells Fargo reflects a recalibration of expectations for O'Reilly Automotive's stock value, while the Overweight rating indicates continued confidence in the company's performance. This mixed signal could lead to short-term market uncertainty for ORLY, balancing out potential positive and negative reactions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100