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Oppenheimer Sees 'Bright Spot' Emerging In Auto Parts Retailers

2016-03-22 19:42:11| Auto Parts - Topix.net

Oppenheimer raised its rating on O'Reilly Automotive Inc to Outperform from Perform and raised the price target of AutoZone, Inc. shares by $100 to $900, saying that it sees the auto parts retail space represents a clear "bright spot" in the current environment. According to Oppenheimer, key factors helping the sector include: a) higher miles driven; b) a still aging US auto fleet; and c) improving prospects for lower-income consumers.

Tags: auto parts spot bright

Category:Automotive

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