Buy this ‘recession-resistant’ auto retail stock, Citi says
Citi thinks O’Reilly Automotive will buck the broader weakness in the retail market. The bank upgraded the auto parts retailer to buy from neutral and raised its price target to $1,040 per share from $983. Citi’s new forecast suggests 15.9% upside for the stock from Wednesday’s closing price. “We think the recent pullback in the…