Advance Auto Parts price target raised to $120 from $96 at Morgan Stanley Morgan Stanley analyst Simeon Gutman said that after meeting with Advance Auto Parts management he sees "so much low hanging fruit" and the company now having the right plans to execute on it. With the company's transformation "starting to come together," via fundamental changes in both the supply chain and with the customer, he maintains an Overweight rating and raised his price target on Advance Auto Parts to $120 from $96.
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