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Stock impact report

Why Autozone, Advance Auto Parts, and Home Depot Stocks Dropped on Friday [The Motley Fool]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: The Motley Fool
What happened Shares of car replacement-parts retailers AutoZone ( NYSE:AZO Advance Auto Parts NYSE:AAP home- Home Depot NYSE:HD What do auto parts have to do with home parts? There's actually a very clear answer: All three of these stocks got hit by downgrades to their target prices at investment bank Nomura Instinet. Image source: Getty Images. So what But here's the really curious thing: Nomura actually cut its price targets for AutoZone (now $,090 a share, down from $,00), for Advance Auto Parts ($, down from $0), and for Home Depot ($0, down from $) yesterday. Despite this, shares of AutoZone and Home Depot stocks both rose in Thursday trading, and even Advance Auto Parts only took a small hit, falling .%. Now what I suppose there could be any number of explanations why that happened. But given how markets have been behaving lately -- with stocks rising en masse one day only to turn tail and retreat en masse on the next day -- my guess is that AutoZone and Home Depot stocks rose Show less Read more
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