Shares of Advance Auto Parts Inc (NYSE:AAP) were rising in early trading on Friday, despite the company’s announcement of weak guidance.
- Here are some key analyst takeaways.
- DA Davidson analyst Michael Baker reaffirmed a Neutral rating, while reducing the price target from $65 to $63.
- Roth Capital Partners analyst Jack Weisenberger reiterated a Neutral rating and price target of $50.
Check out other analyst stock ratings.
DA Davidson: Advance Auto Parts’ second-quarter results reflected that tariff-related inflation “are starting to flow through,” Baker said. He added that 40% of the company’s products have exposure to tariffs, “with a …