Goldman Sachs Downgrades O'Reilly Automotive (ORLY) to Sell

Goldman Sachs downgraded O'Reilly Automotive (NASDAQ: ORLY) from Neutral to Sell with a price target of $179 (from $181).

Analyst Matthew J. Fassler said, "We are 1% below consensus for 2015 despite being above for 4Q2014/1Q2015. This sector is one of the few that benefited from the inclement weather of late 4Q2013/1Q2014. We ultimately expect sales to track short of consensus for 2015 as a whole, and expect deceleration in earnings growth from recent torrid levels. Also, the firm’s impactful redeployment of working capital to share repurchase is likely to moderate. Finally, ORLY’s relative P/E stands well above long-run averages, and among the ranks of those with faster footage growth stories."

For an analyst ratings summary and ratings history on O'Reilly Automotive click here. For more ratings news on O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $185.58 yesterday.

You May Also Be Interested In

• SolarEdge (SEDG) PT Lowered to $31 at Jefferies, 'We see shares as an unappealing short, not a compelling long'
• NVIDIA (NVDA) PT Raised to $305 at Freedom Broker
• Everpure (P) PT Raised to $128 at Northland