O’Reilly Automotive price target raised to $1,275 from $1,200 at DA Davidson

DA Davidson raised the firm’s price target on O’Reilly Automotive to $1,275 from $1,200 and keeps a Buy rating on the shares. The company’s earnings missed estimates as it continues to navigate the soft and softening consumer environment adeptly, but its comps will still likey outpace competitors, showing continued market share gains as well as strong margin trends despite the weaker environment, the analyst tells investors in a research note. The stock is holding holding up well despite the year not showing the upside that many investors have grown accustomed to, the firm added.