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Advanced Auto Parts

November 11, 2011 by staff 

Advanced Auto Parts, Equities researchanlysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of Advance Auto Parts (NYSE: AAP) to $66.00 in a research issued note to investors on Friday. They currently have an “underweight” rating on the company’s shares.

Separately,anlysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Advance Auto Parts from $65.00 to $70.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Analysts at ISI Group reiterated a “buy” rating on shares of Advance Auto Parts in a research note to investors on Thursday.

 Also,anlysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Advance Auto Parts to $73.00 in a research note to investors on Thursday.

Advance Auto Parts, Inc. (Advance) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The Company’s stores carry a product line for cars, vans, sport utility vehicles and light trucks. The Company serves both do-it-yourself (DIY) and do-it-for-me (Commercial) customers. Advance operates in two business segments: Advance Auto Parts (AAP) and Autopart International (AI). The AAP segment consists of its store operations within the United States, Puerto Rico and the Virgin Islands, which operates under the trade names Advance Auto Parts, Advance Discount Auto Parts and Western Auto. The AI segment consists solely of the operations of Autopart International, which operates as an independent, wholly owned subsidiary and primarily serves the Commercial market.

Shares of Advance Auto Parts opened at 69.51 on Friday. Advance Auto Parts has a 52 week low of $49.50 and a 52 week high of $72.32. The stock’s 50-day moving average is $62.17 and its 200-day moving average is $60.38. The company has a market cap of $5.281 billion and a price-to-earnings ratio of 16.01.

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