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Truist Financial Keeps Their Hold Rating on Advance Auto Parts (AAP)

Tipranks - Tue Feb 17, 9:22PM CST

In a report released yesterday, Scot Ciccarelli from Truist Financial maintained a Hold rating on Advance Auto Parts, with a price target of $57.00.

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According to TipRanks, Ciccarelli is a top 100 analyst with an average return of 17.1% and a 73.13% success rate. Ciccarelli covers the Consumer Cyclical sector, focusing on stocks such as Five Below, Home Depot, and Lowe’s.

In addition to Truist Financial, Advance Auto Parts also received a Hold from TipRanks – OpenAI’s OpenAI Specialty Retail in a report issued on February 15. However, on the same day, TipRanks – Anthropic reiterated a Sell rating on Advance Auto Parts (NYSE: AAP).

Based on Advance Auto Parts’ latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $1.97 billion and a net profit of $6 million. In comparison, last year the company earned a revenue of $2 billion and had a GAAP net loss of $414.78 million

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