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UPDATE: Morgan Stanley Maintains Overweight on O'Reilly Automotive; Lowers PT from $110 to $106
Friday, July 27, 2012 - 11:03am | 81Morgan Stanley reiterated an Overweight rating on O'Reilly Automotive (NASDAQ: ORLY) and lowered its price target from $110 to $106. Morgan Stanley noted, “We decrease our target to $106 and lower EPS estimates following 2Q results, but remain bullish. Industry growth has slowed in 2Q and early 3Q...