June 1, 2023

Advance Auto Parts stock extends record plunge after BofA abandons longtime bullish call

Shares of Advance Auto Parts Inc. took another dive Thursday, to extend the previous session’s record plunge, after BofA Securities analyst Elizabeth Suzuki abandoned her longtime bullish stance following the auto parts seller’s disappointing quarterly results and outlook.

Suzuki cut her rating to neutral, after being at buy for the past three years, as the company’s “turnaround efforts appear to be faltering.”

She…

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