Market Overview

UPDATE: Piper Jaffray Downgrades O'Reilly Automotive to Neutral on Rising Industry Headwinds

Share:
Related ORLY
9 Trending Stocks From Friday: Second Sight Medical's Huge Gain Leads Pack
Top Performing Industries For February 5, 2015
Top Funds Buying Rackspace, Allergan, Biogen Idec, Apple (Investor's Business Daily)

Piper Jaffray reduced its rating on O'Reilly Automotive (NASDAQ: ORLY) from Overweight to Neutral and lowered its price target from $102 to $85.

Piper Jaffray noted, "We are downgrading ORLY to Neutral from OW based on four primary concerns: (1) industry headwinds appear set to build into 2014 & 2015 due to changing dynamics with the vehicle repair sweet spot; (2) ORLY's EPS multiple at ~17x is the most at risk in the auto part retail group; (3) the CSK conversion comp driver, while still present, has likely reached a point of diminishing benefit; and (4) ORLY is underexposed to upper Midwest and Northeast and a weather snap-back will not be as beneficial compared to others in the group."

O'Reilly Automotive closed at $91.65 on Friday.

Latest Ratings for ORLY

DateFirmActionFromTo
Feb 2015Deutsche BankMaintainsHold
Feb 2015UBSMaintainsBuy
Jan 2015Goldman SachsDowngradesNeutralSell

View More Analyst Ratings for ORLY
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (ORLY)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→