Wells Fargo Maintains Equal-Weight on Advance Auto Parts, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Equal-Weight rating on Advance Auto Parts (NYSE:AAP) but has lowered the price target from $50 to $40.
September 13, 2024 | 2:52 pm
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Wells Fargo has maintained its Equal-Weight rating on Advance Auto Parts but reduced the price target from $50 to $40, indicating a less optimistic outlook.
The reduction in price target from $50 to $40 by Wells Fargo suggests a less optimistic view on Advance Auto Parts' future performance, which could lead to a negative short-term impact on the stock price.
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