Truist Securities Maintains Hold on Advance Auto Parts, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Advance Auto Parts (NYSE:AAP) but has lowered the price target from $63 to $46, indicating a less optimistic outlook.
August 23, 2024 | 3:15 pm
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Truist Securities has maintained a Hold rating on Advance Auto Parts but lowered the price target from $63 to $46, suggesting a less favorable view on the stock's potential.
The lowering of the price target from $63 to $46 by Truist Securities indicates a negative outlook on Advance Auto Parts' future performance. This could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100