RBC Capital lowered the firm’s price target on CarParts.com to $7 from $9 after its Q2 revenue miss but keeps an Outperform rating on the shares despite the “continued evidence of consumer weakness”. The management is executing effectively against a sound strategy, but sales will likely need to inflect higher for the stock to really start working, the analyst tells investors in a research note.
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Read More on PRTS:
- CarParts.com Reports Highest Quarterly Sales in Company History
- CarParts.com reports Q2 EPS (1c), consensus 0c
- CarParts.com Inc (PRTS) Q2 Earnings Cheat Sheet
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