RBC Capital lowers Advance Auto Parts stock price target to $62
RBC Capital has lowered its price target for Advance Auto Parts (NYSE:AAP) to $62 from $63, while maintaining a Sector Perform rating. The firm's model projects a first-quarter comparable sales growth of 2.0% and adjusted earnings per share of $0.31, both below consensus estimates. Despite the lowered target, InvestingPro data suggests the company is undervalued, with a Fair Value of $63.48 and an expected net income growth this year.
https://ca.investing.com/news/stock-market-news/rbc-capital-lowers-advance-auto-parts-stock-price-target-to-62-93CH-4629110