​​#analytics #investmentidea Raymond James takes an in-depth | Warren Buffett SAYS

​​#analytics #investmentidea
Raymond James takes an in-depth look at the auto parts retail sector, looking at trends and estimates for the second half of the year. Advance Auto Parts stands out in Raymond James' rankings.

Company - Advance Auto Parts (#AAP)
Target price from Raymond James - $250 (+18%)

AAP is an American supplier of automotive parts.

Why is it worth buying?

The rating of Advance Auto Parts has been upgraded from "better than market" to "actively buy" as the stock has upside prospects after the company reported fairly strong quarterly results. Analysts call the company a top pick in the segment.

Advance has the highest growth potential among auto parts retailers next year. The company has a favorable risk/return ratio with a fragmented industry (no clear leaders in market share) that could show very strong growth rates through the end of 2022.