Why Advance Auto Parts Stock Trounced the Market on Thursday

Investors were assertively stepping on the gas pedal with Advance Auto Parts (NYSE: AAP) on Thursday. The stock closed more than 5% higher as of the 1 p.m. ET early market close for the Fourth of July holiday, a figure that was well higher than the S&P 500's (SNPINDEX: ^GSPC) 0.8% increase. An analyst price target raise had much to do with Advance's advance.Well before market open that day, Mizuho prognosticator David Bellinger upped his fair-value assessment of Advance's stock. His new level is $44 per share, up notably from the preceding $38. Despite the fairly generous bump, Bellinger maintained his neutral recommendation on the auto parts retailer. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool