Market Overview

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

Share:
Related ORLY
Analysts Tell The Story Of Last Week's Hardlines Earnings Season
AutoZone: Digging Into The Valuation
O'Reilly Raises Share Repurchase Authorization; Stock Up - Analyst Blog (Zacks)

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
Apr 2015CitigroupMaintainsNeutral
Feb 2015Deutsche BankMaintainsHold
Feb 2015UBSMaintainsBuy

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...