Market Overview

UBS Raises O'Reilly Automotive (ORLY) Price Target To $42


UBS analyst William B. Truelove maintained his Neutral rating for shares of O'Reilly Automotive, Inc. (Nasdaq: ORLY) and increased the target price from $41 to $42.

UBS analyst William B. Truelove wrote in his report that UBS' "conservative assumption that much more risk lies ahead on converting the former CSK stores has diminished as conversions are now going relatively more smoothly when compared to the Murray-brand conversion. We now believe that valuation is our only true concern, even when factoring in potential growth of converted CSK stores."

Truelove increased his EPS estimates for O'Reilly Automotive by 2-5% annually because he now believes that there is less risk associated with CSK store conversions.

O'Reilly Automotive, Inc. shares closed at $38.36 on Thursday.

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