Truist analyst Scot Ciccarelli raised the firm’s price target on O’Reilly Automotive to $1,290 from $1,204 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results among Hardlines/Broadlines Consumer names. According to Truist Card Data, Q3 is shaping up better than Q2, and the firm is also adjusting its estimates to reflect broader market multiple expansion and the start of a rate cut cycle, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORLY:
- O’Reilly Automotive price target raised to $1,325 from $1,250 at Wells Fargo
- O’Reilly Auto Q3 2024 Earnings Report and Conference Call
- O’Reilly Automotive price target raised to $1,230 from $1,215 at Evercore ISI
- O’Reilly Automotive price target raised to $1,290 from $1,204 at BofA
- O’Reilly Automotive price target raised to $1,250 from $1,200 at Wells Fargo