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Morgan Stanley equity analyst Simeon Gutman has downgraded three auto parts retailers: Advance Auto Parts, Inc. (NYSE:AAP), AutoZone Inc. (NYSE:AZO) and O’Reilly Automotive Inc (NASDAQ:ORLY). What Happened: Gutman changed the ratings on all three stocks from Overweight to Equal-Weight while keeping the price targets for Advance Auto Parts and O’Reilly at $220 and $630, respectively, and tweaking the AutoZone price target from $1,640 to $1,650.
...read full article on Benzinga
