Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Baird Ups O'Reilly Automotive To Outperform


R.W. Baird raised its investment recommendation on O'Reilly Automotive (ORLY) to outperform from neutral on Monday, explaining that the company's price is more attractive now and it has a positive outlook.

Analyst J. David Cumberland noted that the stock recently lost 10% of its value since its second quarter report. In contrast, the S&P 500 was up by 1%.

Meanwhile the analyst is confident about his third quarter estimates for the company's sales (7%, with guidance between 4% and 6%, as well as 37 cents earnings per share, with guidance between 36 cents and 38 cents.) He sees slight upside potential in the company's stock price if September trends are good, and says his survey of independent retailers and repair shops showed solid category sales between July and August. Factors driving healthy near term comparables should include merchandising initiatives, commercial programs, strong store-level execution, and marketing.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus