JPMorgan raised the firm’s price target on O’Reilly Automotive to $1,300 from $1,125 and keeps an Overweight rating on the shares ahead of the Q3 report. The firm continues to see O’Reilly as a core holding a “balanced way to invest against the risk of a cyclical recovery.” The company continues to gain share in do-it-for-me, the analyst tells investors in a research note.
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