UPDATE: Wedbush Upgrades Advance Auto Parts Following Announcement of General Parts Acquisition
October 17, 2013 at 09:23 AM EDT
In a report published Thursday, Wedbush analyst Seth Basham upgraded the rating on Advance Auto Parts (NYSE: AAP ) from Underperform to Outperform, and raised the price target from $70.00 to $120.00. In the report, Wedbush noted, “This morning, AAP announced what we view as a transformational $2.04b acquisition of
