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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Crude Oil Gains 3%; Walmart Shares Drop After Q2 Results
Stocks lower on Thursday, with Nasdaq down 0.87% and energy shares up 1.5%. Walmart shares fell 10% after reporting Q2 results below estimates.
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Advance Auto Parts Posts Disappointing Q2 Comp on High Exposure to Lower-End Customers
AAP reports mixed Q2 results. Analysts lower price targets amid concerns about reinvestment and sales acceleration.
Goldman Sachs Maintains Sell on Advance Auto Parts, Lowers Price Target to $40
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 Maintains Hold on Advance Auto Parts, Lowers Price Target to $43
Truist Securities analyst Scott Ciccarelli maintains Advance Auto Parts (NYSE:AAP) with a Hold and lowers the price target from $62 to $43.
Shares of crypto-linked stocks are trading higher as Bitcoin prices hit $80,000 amid lower yields and a weaker dollar. Fed's Waller's comments that he is inclined to support holding interest rates steady may have further supported the speculative asset by easing concerns about tighter monetary policy and improving risk appetite.
Shares of crypto-linked companies are trading lower as Bitcoin sells off from its recent rally, possibly after Federal Reserve Chairman Warsh's comments on inflation and prices raised rate-hike concerns. The asset is also under pressure after Treasury Secretary Bessent's letter suggested the Treasury exchanged existing Exchange Stabilization Fund foreign-currency assets for Yen, which contributed to a spike in the dollar value.