UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on O'Reilly Automotive as Growth Engine Continues to Roar

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In a report published Thursday, Credit Suisse analyst Seth Sigman reiterated an Outperform rating on
O'Reilly AutomotiveORLY
, and raised the price target from $200.00 to $210.00. In the report, Credit Suisse noted, "ORLY delivered solid Q4 results, beating expectations by $0.09 through stronger comps and better operating leverage, once again showing the power of this distribution model, superior parts availability, and overall solid execution. The company also provided a relatively healthy outlook for 2015, that when layering in buybacks, should point to upside. We are raising our 2015 EPS to $8.46 (from $8.36) as we flow through this quarter's beat and TP to $210 (from $200)." O'Reilly Automotive closed on Wednesday at $192.71.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCredit SuisseSeth Sigman
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