RBC Capital analyst Steven Shemesh lowered the firm’s price target on Advance Auto Parts to $65 from $68 and keeps a Sector Perform rating on the shares after its Q1 earnings miss. The company’s progress will be choppy and take time amid continued DIY weakness and the soft Q2 margin guide, the analyst tells investors in a research note, adding that estimates don’t mean much right now as numbers will have to be reset after a Worldpac sale is announced.
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