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Advance Auto Parts Inc (AAP) [hlAlert]

Rating:
Mkt Perform
AAP
up 17.47 %

Advance Auto Parts Inc (AAP) downgraded to Mkt Perform with price target $41 by Friedman Billings

Posted on: Friday,  Sep 5, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Mkt Perform Advance Auto Parts Inc (NYSE: AAP) on 09/05/2008. Previously Friedman Billings rated Buy Advance Auto Parts Inc (NYSE:
AAP) on 11/02/2007., when the stock price was $35.65. Since then, Advance Auto Parts Inc has gained 17.48% as of 09/05/2008's recent price of $41.88.
If you would have followed the previous Friedman Billings's recommendation on AAP, you would have gained 17.47% of your investment in 308 days.

Advance Auto Parts, Inc. (Advance) operates within the United States automotive aftermarket industry, which includes replacement parts (excluding tires), accessories, maintenance items, batteries and automotive chemicals for cars and light trucks (pickup trucks, vans, minivans and sport utility vehicles). The Company is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself (DIY) and do-it-for-me (DIFM) or commercial customers in the United States. Advance operates in two business segments: Advance Auto Parts (AAP) and Autopart International (AI). The AAP segment consists of its store operations within the United States, Puerto Rico and the Virgin Islands, which operates under the trade names Advance Auto Parts, Advance Discount Auto Parts and Western Auto. The AI segment consists solely of the operations of Autopart International, which operates as an independent, wholly owned subsidiary.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2008 8:25 AM Hold
None
41.88 41.00
as of 12/24/2008
1 Week down  -1.63 %
1 Month up  8.88 %
3 Months up  29.81 %
1 YTD up  26.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2007 9:25 AM Buy
None
35.65 43.00

(*) Stock Price at the time of the recommendation.
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