Bank Of America Raises Price Targets On 3 Auto Part Retailers


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


On Wednesday, analysts at Bank of America raised the price targets on three auto part retailers.

Advance Auto Parts, Inc. (NYSE: AAP) raised price target from $165 to $171, maintained Buy rating.

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O’Reilly Automotive Inc (NASDAQ: ORLY) raised price target from $181 to $203, maintained Buy rating.

AutoZone, Inc. (NYSE: AZO) raised price target from $561 to $620, maintained Neutral rating.

Denise Chai stated, "We are raising our POs and 2015/16 estimates for AZO and ORLY as we believe the combination of several positive macro factors including a significant fall in gas prices, encouraging miles driven data and weather will support comp growth and multiple expansion."

"While we are not raising our AAP estimates as we believe they adequately reflect the aforementioned factors, we are slightly increasing our PO to $171."


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: Analyst ColorPrice TargetAnalyst RatingsBank of AmericaDenise Chai