TD Cowen raises O'Reilly Automotive's PT on strategy, market share growth

OReilly Automotive

15/04/2024 14:43

** TD Cowen raises PT on autoparts distributor O'Reilly
Automotive  ORLY.O  by $105 to $1,275, citing the co's strategy
and market share growth  
    ** Says ORLY remains "top pick"; adds that potential
valuation pressure remains a likely risk
    ** Also raises PT on Advance Auto Parts  AAP.N  by $5 to
$65, AutoZone  AZO.N  by $100 to $3,450, on auto parts demand 
    ** YTD, ORLY flat, and AZO and AAP up ~15%

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))