Roth MKM Reinstates Neutral on Advance Auto Parts, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Stember has reinstated a Neutral rating on Advance Auto Parts (NYSE:AAP) and set a price target of $40.
October 16, 2024 | 12:24 pm
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NEUTRAL IMPACT
Roth MKM has reinstated a Neutral rating for Advance Auto Parts with a $40 price target, indicating a cautious outlook.
The Neutral rating suggests that the analyst does not expect significant upside or downside in the short term. The $40 price target provides a specific valuation benchmark, which may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100