New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:22 EDTPBY, AZO, ORLYO'Reilly, peers fall after firm says sector to face more headwinds
O'Reilly Automotive (ORLY), which sells automotive aftermarket parts and equipment, is retreating after research firm Piper Jaffray downgraded the stock to Neutral from Overweight in a note to investors earlier today. A number of other companies in the same sector are also declining in the wake of Piper's downgrade. O'Reilly and its peers will face increased headwinds into 2014 and 2015, when fewer vehicles will be 6-12 years old, Piper wrote. Vehicles in that age range are the most likely to be repaired, the firm explained. The firm is also worried that waning auto parts inflation could hurt the sector, whose sales and margins have benefited from such inflation, according to the firm. Piper lowered its price target on the stock to $85 from $102. In early afternoon trading, O'Reilly declined $2.08%, or 2.27%, to $89.57, while The Pep Boys (PBY) dropped 2.52% to $10.04 and AutoZone lost 1.57% to $35.20.
News For PBY;AZO;ORLY From The Last 14 Days
Check below for free stories on PBY;AZO;ORLY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2014
09:57 EDTAZO, ORLYOn The Fly: Analyst Initiation Summary
Subscribe for More Information
August 27, 2014
17:33 EDTORLYO'Reilly Automotive initiated with a Buy at SunTrust
Subscribe for More Information
17:33 EDTAZOAutoZone initiated with a Neutral at SunTrust
Target $540.
August 18, 2014
08:47 EDTORLYO'Reilly Automotive volatility low into a company sponsored analyst day
O'Reilly Automotive September call option implied volatility is at 17, November is at 19, January is at 17; compared to its 26-week average of 21 according to Track Data, suggesting decreasing price movement into a company sponsored analyst day.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use