Analysts Conflicted on These Services Names: AMC Networks (NASDAQ: AMCX) and Advance Auto Parts (NYSE: AAP)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on AMC Networks (NASDAQ:AMCX) and Advance Auto Parts (NYSE:AAP).

AMC Networks (AMCX)

In a report issued on July 11, Michael Morris from Guggenheim reiterated a Hold rating on AMC Networks, with a price target of $58. The company’s shares closed yesterday at $63.38.

According to TipRanks.com, Morris is ranked #724 out of 4843 analysts.

AMC Networks has an analyst consensus of Hold, with a price target consensus of $63, representing a -0.6% downside. In a report issued on June 26, Goldman Sachs also downgraded the stock to Hold with a $70 price target.

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Advance Auto Parts (AAP)

Guggenheim analyst Ali Faghri reiterated a Buy rating on Advance Auto Parts yesterday and set a price target of $156. The company’s shares closed yesterday at $139.34, close to its 52-week high of $143.42.

According to TipRanks.com, Faghri is a 3-star analyst with an average return of 6.0% and a 64.2% success rate. Faghri covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Penske Automotive Group, and Genuine Parts Company.

Advance Auto Parts has an analyst consensus of Strong Buy, with a price target consensus of $149.13, which is a 7.0% upside from current levels. In a report issued on July 6, Argus Research also maintained a Buy rating on the stock with a $155 price target.

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