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O’Reilly Automotive price target raised to $890 from $800 at Oppenheimer

Oppenheimer analyst Brian Nagel raised the firm’s price target on O’Reilly Automotive to $890 from $800 and keeps an Outperform rating on the shares. O’Reilly and the broader auto parts retail category have proven noted "bright spots" within discretionary retail over the past several quarters, as macro conditions turned more challenging, and O’Reilly’s results clearly show that the company is capitalizing well upon a now more fluid backdrop to capture outsized market share, the analyst tells investors in a research note.

Published first on TheFly

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