RBC Capital lowered the firm’s price target on O’Reilly Automotive to $1,115 from $1,124 but keeps an Outperform rating on the shares. The company’s Q2 results were marred by unfavorable weather, consumer softness, acquisition-related margin headwinds, and negative mix shift, though on a more positive note, while demand is likely to remain soft for the foreseeable future, O’Reilly Automotive “remains a share gainer”, the analyst tells investors in a research note.
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Read More on ORLY:
- O’Reilly Automotive cuts FY24 EPS view to $40.75-$41.25 from $41.35-$41.85
- O’Reilly Automotive reports Q2 EPS $10.55, consensus $10.99
- Notable companies reporting after market close
- O’Reilly Automotive (ORLY) Q2 Earnings Cheat Sheet
- O’Reilly Automotive price target lowered to $1,143 from $1,212 at Truist
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