Why Advance Auto Parts Stock Accelerated Nearly 5% Higher Today
An analyst upgrade was the foot on Advance Auto Parts (NYSE: AAP) stock's gas pedal on Tuesday. The company's shares motored nearly 5% higher in price as a result, speeding well past the benchmark S&P 500 index's 0.6% increase.The pundit behind the change was Sam Hudson of U.K.-based Redburn Atlantic. He shifted his recommendation to neutral from his previous sell and lifted his Advance price target. This is now $45 per share, well up from Hudson's previous fair value estimation of $28.Image source: Getty Images.Continue reading
An analyst upgrade was the foot on Advance Auto Parts (NYSE: AAP) stock's gas pedal on Tuesday. The company's shares motored nearly 5% higher in price as a result, speeding well past the benchmark S&P 500 index's 0.6% increase.
The pundit behind the change was Sam Hudson of U.K.-based Redburn Atlantic. He shifted his recommendation to neutral from his previous sell and lifted his Advance price target. This is now $45 per share, well up from Hudson's previous fair value estimation of $28.
Image source: Getty Images.
