UBS Maintains Neutral on Advance Auto Parts, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Neutral rating on Advance Auto Parts (NYSE:AAP) but lowers the price target from $72 to $70.
May 30, 2024 | 3:28 pm
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UBS analyst Michael Lasser maintains a Neutral rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $72 to $70.
The lowering of the price target from $72 to $70 by UBS suggests a slightly more pessimistic outlook on Advance Auto Parts' future performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100