TD Cowen initiated coverage on Advance Auto with a new price target
$AAP
Auto & Home Supply Stores
Consumer Discretionary
TD Cowen initiated coverage of Advance Auto with a rating of Market Perform and set a new price target of $55.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $40.00 | Neutral | ROTH MKM |
| 10/15/2024 | $55.00 | Neutral → Outperform | Wedbush |
| 3/19/2024 | $78.00 | Neutral | Mizuho |
| 12/13/2023 | Mkt Perform | William Blair | |
| 11/16/2023 | $60.00 → $43.00 | Neutral → Underperform | BofA Securities |
| 10/10/2023 | $55.00 | Market Perform | TD Cowen |
| 7/10/2023 | $130.00 → $50.00 | Neutral → Underweight | Atlantic Equities |
| 6/28/2023 | Neutral | Northcoast |
Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:AAP) with a In-Line and lowers the price target from $70 to $68.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Atlassian Corporation (NASDAQ:TEAM) from $200 to $225. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. Atlassian shares gained 2.4% to close at $182.57 on Tuesday. See how other analysts view this stock. Needham increased the price target for Universal Display Corporation (NASDAQ:OLED) from $198 to $242. Needham analyst James Ricchiuti maintained a Buy rating. Universal Display shares gained 2.1% to close at $212.98 on Tuesday
Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:AAP) with a In-Line and lowers the price target from $73 to $70.
Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin (1) and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance Identifies Over 500-basis points of Operating Margin Expansion Opportunity Through Fiscal 2027 With Focus on Core Retail Fundamental Excellence Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its third quarter ended October 5, 2024, before the market opens on Thursday, November 14, 2024. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, November 14, 2024. A live webcast will be available on the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 13, 2024. "Our team delivered positive comparable sales growth while navigating a challenging demand environment during the second quarter. I would like to thank the team for their hard work and dedication to serving our customers," said Shane O'Kelly, president and chief executive officer. "We continue to make progress on our decisive actions with an increased focus on the Advance blended box. This morning, we announced the sale of Worldpac for $1.5 bill
Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin (1) and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance Identifies Over 500-basis points of Operating Margin Expansion Opportunity Through Fiscal 2027 With Focus on Core Retail Fundamental Excellence Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial
Transaction strengthens balance sheet and liquidity with $1.5 billion of cash proceeds. Advance to provide an update on strategic priorities and financial objectives on November 14, 2024, in conjunction with third quarter 2024 results. Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced the close of the sale of Worldpac, Inc. to global investment firm Carlyle (NASDAQ:CG). The sale agreement was announced on Aug. 22, 2024 with a transaction value of $1.5 billion. The company estimates net proceeds of approximately $1.2 billion after taxes and transacti
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its third quarter ended October 5, 2024, before the market opens on Thursday, November 14, 2024. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, November 14, 2024. A live webcast will be available on the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID
SC 13G/A - ADVANCE AUTO PARTS INC (0001158449) (Subject)
SC 13G/A - ADVANCE AUTO PARTS INC (0001158449) (Subject)
SC 13G - ADVANCE AUTO PARTS INC (0001158449) (Subject)
10-Q - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
ROTH MKM resumed coverage of Advance Auto with a rating of Neutral and set a new price target of $40.00
Wedbush upgraded Advance Auto from Neutral to Outperform and set a new price target of $55.00
Mizuho initiated coverage of Advance Auto with a rating of Neutral and set a new price target of $78.00
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024. Mr. Starnes, 48, who will lead all aspects of merchandising strategy, joins Advance from the Target Corporation where he spent nearly 20 years in a variety of product management roles of increasing responsibility. Most recently, he served as senior vice president, merchandising capa
One winner and a guest will "Do the Double" by attending the Greatest Spectacle in Racing® before traveling to Charlotte for NASCAR's 600-mile race Advance Auto Parts (NYSE:AAP), a leading automotive aftermarket parts provider, the official auto parts retailer of NASCAR, and official partners of the NTT INDYCAR SERIES and Indianapolis Motor Speedway, is kicking off the summer travel season by offering its Speed Perks loyalty rewards members the chance to win a bucket-list motorsports experience to "Do the Double." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501521239/en/ On May 26, Advance will send one winner and their
Enters into Cooperation Agreement with Third Point LLC and Saddle Point Management L.P. Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC (together with its affiliates, "Third Point") and Saddle Point Management, L.P. (together with its affiliates, "Saddle Point"). "We are pleased to
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