TD Cowen Maintains Hold on Advance Auto Parts, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Max Rakhlenko maintains a Hold rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $65 to $55.
August 23, 2024 | 12:53 pm
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TD Cowen analyst Max Rakhlenko maintains a Hold rating on Advance Auto Parts and lowers the price target from $65 to $55, indicating a less optimistic outlook.
The lowering of the price target from $65 to $55 by TD Cowen suggests a less optimistic view on Advance Auto Parts' future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations accordingly.
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