Will This Price Target Increase Help Advance Auto Parts (AAP) Stock Today?

NEW YORK (TheStreet) -- Nomura increased its price target on Advance Auto Parts  (AAP) to $135, increased its estimates and set a "neutral" rating given the company's new guidance.

The stock closed at $131.59 on Thursday.

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Separately, TheStreet Ratings team rates ADVANCE AUTO PARTS INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate ADVANCE AUTO PARTS INC (AAP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: AAP Ratings Report

AAP Chart AAP data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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