Auto parts companies posted mixed results last week after investment bank Wedbush initiated coverage on the industry. Wedbush analyst Seth Basham has given Advance Auto Parts Inc. an "Underperform" rating and a price target of $70.00, while AutoZone Inc. and Genuine Parts Co. received "neutral" ratings with price targets of $440.00 and $84.00, respectively. Basham appears to believe O'Reilly Automotive Inc. is the most appealing of the group as he gave them a "outperform" rating and a price target of $150.00.
Advance Auto Parts, Inc. (NYSE: AAP) shares traded in the range of $95.82 to $97.97 Thursday before settling to close at $97.22, an increase of 1.10 percent. The stock appears to have some support at the $95.15, $87.25 and $84.26 levels. Shares of Advance Auto Parts have gained approximately 34.0 percent year-to-date.
More information on Advance Auto Parts and access to the free equity report can be found at:
AutoZone, Inc. (NYSE: AZO) shares traded in the range of $421.61 to $429.72 Thursday before settling to close at $429.13, an increase of 1.06 percent. The stock appears to be facing some resistance at the $429.91 and $441.50 levels with some support at $427.73. Shares of AutoZone have gained approximately 21.0 percent in 2013.
More information on AutoZone and access to the free equity report can be found at:
Genuine Parts Company (NYSE: GPC) shares traded in the range of $79.16 to $80.90 Thursday before settling to close at $80.77, an increase of 1.29 percent. The stock appears to be facing some resistance at the $81.07 and $81.41 levels with some support at $79.94. Shares of Genuine Parts have gained approximately 27.0 percent in 2013.
More information on Genuine Parts and access to the free equity report can be found at:
O'Reilly Automotive Inc. (NASDAQ: ORLY) shares traded in the range of $131.62 to $135.62 Thursday before settling to close at $135.19, an increase of 2.28 percent. The stock appears to have some support at the $132.01, $130.20 and $127.83 levels. Shares of O'Reilly Automotive have gained approximately 51.0 percent in 2013.
More information on O'Reilly Automotive and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at http://www.wallstreetfundamentals.com/ today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Leave a comment...