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.
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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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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.