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Enter Symbol:
 
Advance Auto Parts Inc (AAP) [hlAlert]

Rating:
Hold AAP

Advance Auto Parts Inc (AAP) downgraded to Hold by Argus

Posted on: Tuesday,  Nov 15, 2011  8:25 AM ET by Argus

Argus rated Hold Advance Auto Parts Inc (NYSE: AAP) on 11/15/2011. Previously Argus rated Buy Advance Auto
Parts Inc (NYSE: AAP) on 05/11/2010., when the stock price was $45.46. Since then, Advance Auto Parts Inc has gained 50.90% of its value until Argus rated AAP Buy on 11/15/2011, when the price was $68.60. .

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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2015 8:25 AM Buy
None
185.81 217.00
as of 12/30/2011
1 Week   
1 Month   
3 Months up  18.07 %
1 YTD up  3.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/15/2011 8:25 AM Hold
None
68.60
5/11/2010 4:25 PM Buy
None
45.46 52.00
11/18/2009 4:25 PM Hold
None
40.84
4/3/2009 8:25 AM Sell
None
38.32

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