Citigroup Maintains Neutral on Advance Auto Parts, Lowers Price Target to $45
Citigroup analyst Steven Zaccone maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $57 to $45.
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Walmart and Target headline a consumer-heavy week, but the biggest implied earnings moves belong to Wolfspeed, Coty and eight other smaller names.
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Citigroup analyst Steven Zaccone maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $57 to $45.
AAP reports mixed Q2 results. Analysts lower price targets amid concerns about reinvestment and sales acceleration.
Goldman Sachs analyst Kate McShane maintains Advance Auto Parts (NYSE:AAP) with a Sell and lowers the price target from $54 to $40.
Truist Securities analyst Scott Ciccarelli maintains Advance Auto Parts (NYSE:AAP) with a Hold and lowers the price target from $62 to $43.
An analysis of stocks with strong potential to deliver earnings surprises identifies five companies: Allstate (ALL), Wayfair (W), BILL Holdings (BILL), Twilio (TWLO), and Caribou Biosciences (CRBU). These stocks were selected based on positive earnings surprise history, strong Zacks Rank ratings, positive Earnings ESP, and solid long-term growth prospects. Historical data shows these companies have consistently beaten market expectations, with Allstate averaging a 45.34% earnings surprise over the past four quarters.