Forex
Advance Auto Parts Price Target Slashed by Royal Bank Of Canada
Advance Auto Parts' (NYSE:AAP) price target has been lowered to $52.00 by analysts at Royal Bank Of Canada, a decrease from its previous target of $67.00.
The company's current rating is 'sector perform', and the new target suggests a potential upside of 22.73% from Advance Auto Parts' current price of $42.37.
This adjustment comes after several other analysts have weighed in on the stock, with some lowering their own targets due to concerns over weaker DIY demand and execution risks.