- A Wedbush PT hike to $130 from $120 is helping shares of Advance Auto Parts (AAP +4%) higher, notching 52-week highs in process.
- Analyst Seth Basham noted that AAP's acquisition of General Parts (which was closed yesterday) "is extremely powerful for financial accretion on its own and synergies are substantially higher than guided [...] As these points become more clear - possibly starting with early February 2014 EPS guidance and a late February analyst meeting - we believe AAP shares will begin to more fully reflect the value creation."