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Advance Auto Parts Inc (AAP) [hlAlert]

Rating:
Hold AAP

Advance Auto Parts Inc (AAP) rated Hold by Morgan Joseph

Posted on: Wednesday,  Apr 29, 2009  9:25 AM ET by Morgan Joseph

Advance Auto (AAP)
rated Hold by Morgan Joseph.

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.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/12/2010 9:25 AM Buy
None
65.96 76.00
as of 12/31/2009
1 Week up  53.47 %
1 Month up  61.60 %
3 Months up  61.68 %
1 YTD up  45.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2010 9:25 AM Buy
None
54.54 62.00
8/14/2009 8:25 AM Buy
None
43.64 52.00
4/29/2009 9:25 AM Hold
None
43.43

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