O’Reilly Automotive price target raised to $1,400 from $1,305 at Mizuho

Mizuho analyst David Bellinger raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,400 from $1,305 and keeps an Outperform rating on the shares. The firm does not see the narrative changing post the earnings print, with management further leaning into investment spend associated with the controllable and market share “grabbing aspects of its near-bulletproof model,” the analyst tells investors in a research note.