Mizuho Maintains Neutral on Advance Auto Parts, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst David Bellinger maintains a Neutral rating on Advance Auto Parts (NYSE:AAP) and lowers the price target from $64 to $45.
August 26, 2024 | 12:50 pm
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Mizuho analyst David Bellinger has maintained a Neutral rating on Advance Auto Parts and reduced the price target from $64 to $45, indicating a less optimistic outlook.
The reduction in price target from $64 to $45 by Mizuho suggests a negative outlook on Advance Auto Parts' future performance. This is likely to put downward pressure on the stock price in the short term as investors adjust their expectations.
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