RBC Capital lowered the firm’s price target on Advance Auto Parts (AAP) to $44 from $50 and keeps a Sector Perform rating on the shares after its Q4 results. Evidence of progress is being masked by “atypical” items and soft quarter-to-date trends, the analyst tells investors in a research note. RBC adds that all the moving parts at Advance Auto Parts make it difficult to have high conviction in margin delivery.
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