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Goldman Sachs Sticks to Its Sell Rating for Advance Auto Parts (AAP)

Tipranks - Tue May 26, 10:20AM CDT

In a report released on May 21, Kate McShane from Goldman Sachs reiterated a Sell rating on Advance Auto Parts, with a price target of $54.00. The company’s shares closed last Friday at $58.62.

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McShane covers the Consumer Cyclical sector, focusing on stocks such as Best Buy Co, Ulta Beauty, and Five Below. According to TipRanks, McShane has an average return of 5.2% and a 57.37% success rate on recommended stocks.

Advance Auto Parts has an analyst consensus of Hold, with a price target consensus of $60.46, representing a 3.14% upside. In a report released on May 21, Bank of America Securities also reiterated a Sell rating on the stock with a $48.00 price target.

Based on Advance Auto Parts’ latest earnings release for the quarter ending April 25, the company reported a quarterly revenue of $2.61 billion and a net profit of $24 million. In comparison, last year the company earned a revenue of $2.58 billion and had a net profit of $24 million

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