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Jefferies Group LLC announced Advance Auto Parts, Inc. (NYSE:AAP), bumping down its price target to $130.00 earlier today

Just yesterday Advance Auto Parts, Inc. (NYSE:AAP) traded 1.14% higher at $105.21. Advance Auto Parts, Inc.’s 50-day moving average is $108.57 and its 200-day moving average is $137.82. The last stock 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

Indicating a possible upside of 0.24%, Jefferies Group LLC reduced the stock price target of Advance Auto Parts, Inc. (NYSE:AAP) to $130.00

On 7/06/2017, RBC Capital Markets released a statement on Advance Auto Parts, Inc. (NYSE:AAP) bumped down the target price from $153.00 to $125.00 that 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 Jefferies Group LLC reporting its stock price target, a total of 16 brokers have issued a report on the company. The average stock price target is $162.75 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 13 brokers rating the stock a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis 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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