Wells Fargo analyst Zachary Fadem raised the firm’s price target on O’Reilly Automotive to $1,075 from $985 and keeps an Overweight rating on the shares. While it’s hard to call Q2 a major catalyst, the firm expects another beat/raise, with further evidence that O’Reilly Automotive sits among the best operators in retail right now. Expectations are high, but upward revisions are likely, and Wells sees little reason to back down.
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