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Morgan Stanley Sticks to Their Hold Rating for Advance Auto Parts (AAP)

Tipranks - Tipranks - Wed Feb 18, 6:11AM CST

In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Advance Auto Parts, with a price target of $60.00.

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Gutman covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Dick’s Sporting Goods, and Best Buy Co. According to TipRanks, Gutman has an average return of 4.4% and a 60.69% success rate on recommended stocks.

In addition to Morgan Stanley, Advance Auto Parts also received a Hold from Truist Financial’s Scot Ciccarelli in a report issued yesterday. However, on February 15, TipRanks – Anthropic reiterated a Sell rating on Advance Auto Parts (NYSE: AAP).

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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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