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Advance Auto Parts, Inc. (NYSE:AAP) has been downgraded to Underperform in a report by Bank of America Corporation today.

Yesterday Advance Auto Parts, Inc. (NYSE:AAP) traded 1.14% higher at $105.21. The company’s 50-day moving average is $108.57 and its 200-day moving average is $137.82. The last stock close price is down -22.12% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,903,503 shares of the stock were exchanged, up from an average trading volume of 1,853,740

Bank of America Corporation has downgraded Advance Auto Parts, Inc. (NYSE:AAP) to Underperform in a report released on 07/07/2017.

Previously on 07/06/2017, RBC Capital Markets reported about Advance Auto Parts, Inc. (NYSE:AAP) lowered the target price from $153.00 to $125.00. At the time, this indicated a possible upside of 0.20%.

See Chart Below

Advance Auto Parts, Inc. (NYSE:AAP)

Advance Auto Parts, Inc. has a 52 week low of $99.13 and a 52 week high of $177.83 with a P/E ratio of 19.45 The company’s market cap is currently $0.

In addition to Bank of America Corporation reporting its target price, a total of 16 firms have issued a report on the stock. The consensus target price is $162.75 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 13 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About 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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