Advance Auto Parts upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded Advance Auto citing substantial earnings accretion from its acquisition of General Parts Inc , the additional cost synergies that likely exist between the companies, and the incremental revenue growth potential that could materialize from the transaction. Target $116.
News For AAP From The Last 14 Days
Check below for free stories on AAP the last two weeks.
Advance Auto Parts added to Best Ideas List at Wedbush Wedbush added Advance Auto Parts to its Best Ideas List as the firm continues to believe that the company's acquisition of General Parts International will generate significantly greater synergies than expected. The firm also thinks the company could benefit from a hotter than normal summer, while its core business could be poised to rebound. The firm keeps a $150 price target and Outperform rating on the shares.
On The Fly: Analyst Downgrade Summary Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.