BMO Capital initiated coverage of O’Reilly Automotive (ORLY) with an Outperform rating and $1,400 price target The firm says O’Reilly is a “relatively straightforward story, a share taker in a steadily growing but fragmented market.” The company still has significant geographic white space and should be able to leverage its superior customer service to keep outperforming, the analyst tells investors in a research note.
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