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News Breaks | | | | January 7, 2013 | | 12:22 EDT |  | PBY, ORLY, AZO | O'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. | |
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News For PBY;AZO;ORLY From The Last 14 Days Check below for free stories on PBY;AZO;ORLY the last two weeks. |
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| May 23, 2013 | | 10:39 EDT | | AZO, ORLY, PBY | Advance Auto Parts slips after guiding to low end of prior view
 Subscribe for More Information | | | May 21, 2013 | | 07:05 EDT |  | AZO | AutoZone reports Q3 EPS $7.27, consensus $7.23
Reports Q3 revenue $2.21B, consensus $2.22B. Reports Q3 domestic SSS down 0.1%. | | | May 20, 2013 | | 15:22 EDT | | AZO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 77c; Medtronic (MDT), consensus $1.03; The TJX Companies (TJX), consensus 62c; AutoZone (AZO), consensus $7.23; Best Buy (BBY), consensus 25c; Dick's Sporting Goods (DKS), consensus 48c; Tidewater (TDW), consensus 61c; Saks (SKS), consensus 19c; Rexnord (RXN), consensus 31c; Monro Muffler Brake (MNRO), consensus 25c. | | | 15:03 EDT |  | AZO | AutoZone volatility flat into Q3 and sales outlook
AutoZone June call option implied volatility at 24, July is at 21, September is at 19; compared to its 26-week average of 23 according to Track Data, suggesting non-directional near term price movement into the expected release of Q3 earnings on May 21. | | | May 13, 2013 | | 10:09 EDT |  | AZO | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 05:41 EDT | | AZO | AutoZone downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded AutoZone citing valuation and keeps a $410 price target for shares. | |
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