Sopa Images | Lightrocket | Getty Images— Advance Auto Parts declined 2.
4% in the premarket after Atlantic Equities on Monday downgraded the stock to underweight, and cut its price target to $50. That represents about 28% downside. Analyst Sam Hudson said the firm's "ongoing weak performance as indicative of structural challenges and significant share losses."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As investor focus shifts to EVs, analysts expect these auto stocks to soarAnalysts expect many of the EV stocks on CNBC Pro's screen to rally over 30% in the next 12 months.
Read more »