O’Reilly Automotive price target raised to $983 from $916 at Citi

Citi raised the firm’s price target on O’Reilly Automotive to $983 from $916 and keeps a Neutral rating on the shares. Citi’s latest auto repair sentiment tracker revealed do-it-from-home business conditions showed some sequential improvement relative to three months ago, but deferred maintenance and trade-down activity stepped up slightly. The analyst sees a “beat-and-raise” Q2 setup for O’Reilly.