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Advance Auto Parts Inc. (NYSE:AAP) has been downgraded from Neutral to Underperform in a statement by Bank of America (Merrill Lynch) earlier today.

Boasting a price of $101.50, Advance Auto Parts Inc. (NYSE:AAP) traded 1.14% higher on the day. With the last stock price close down -22.12% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Advance Auto Parts Inc. has recorded a 50-day average of $108.57 and a two hundred day average of $137.82. Volume of trade was up over the average, with 1,903,503 shares of AAP changing hands over the typical 1,853,740

Bank of America (Merrill Lynch) has downgraded Advance Auto Parts Inc. (NYSE:AAP) from Neutral to Underperform in a statement released on 7/7/2017.

Previously on Thursday July 06, 2017, RBC Capital Markets released a statement about Advance Auto Parts Inc. (NYSE:AAP) dropped the target price from $153.00 to $125.00. At the time, this indicated a possible upside of 0.20%.

Performance Chart

Advance Auto Parts Inc. (NYSE:AAP)

With a total market value of $0, Advance Auto Parts Inc. has price-earnings ratio of 19.45 with a one year low of $99.13 and a one year high of $177.83 .

A total of 16 equity analysts have released a ratings update on Advance Auto Parts Inc.. Four analysts rating the company a strong buy, seven analysts rating the company a buy, thirteen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $162.75.

General Company Details For Advance Auto Parts Inc. (NYSE:AAP)

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of December 31, 2016, it operated 5,062 total stores and 127 branches primarily under the trade names Advance Auto Parts, Autopart International, Carquest and Worldpac. As of December 31, 2016, its Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names.

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