Royal Bank Upgrades Advance Auto Parts to $67.00 Price Target
Analysts at Royal Bank Of Canada have upgraded their price target for Advance Auto Parts (NYSE:AAP) to $67.00, a 20.55% increase from its previous close of $55.58.
This new target was set in a research report issued on Thursday and indicates that the brokerage currently has a 'sector perform' rating on the stock.
The price objective is based on an analysis of Advance Auto Parts' performance and potential future growth, which is expected to continue as the company adapts to changing market conditions and consumer needs.