Advance Auto shares could get hit - Barron's


NEW YORK, June 29 (Reuters) - Shares of Advance Auto Parts Inc. could fall 20 percent or more, according to an article in Barron's that said the prospects for the No. 2 U.S. parts retailer may not justify the recent run-up in its stock. Shares closed at $60.24, up 24 cents, in Friday New York Stock Exchange trade. Since hitting a low of $36.99 in February, the stock has risen 83 percent. Advance Auto's share price may be overvalued, Barron's Vito Racanelli wrote in the issue dated June ...

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