UPDATE: Citigroup Raises PT on Advance Auto Parts as Acquisition Execution Overhang Remains
October 17, 2013 at 09:26 AM EDT
In a report published Thursday, Citigroup analyst Kate McShane reiterated a Neutral rating on Advance Auto Parts (NYSE: AAP ), and raised the price target from $83.00 to $96.00. In the report, Citigroup noted, “The all-cash transaction of 1,200+ co.-owned CARQUEST stores along with distribution to 1,400+ ind.-owned locations eclipses
