CarParts.com price target lowered to $7 from $9 at RBC Capital

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.