Why Advance Auto Parts Stock Trounced the Market on Thursday

Investors were assertively stepping on the gas pedal with Advance Auto Parts (AAP 5.41%) on Thursday. The stock closed more than 5% higher as of the 1 p.m. ET early market close for the Fourth of July holiday, a figure that was well higher than the S&P 500's (^GSPC 0.83%) 0.8% increase. An analyst price target raise had much to do with Advance's advance.A 16% price target hikeWell before market open that day, Mizuho prognosticator David Bellinger upped his fair-value assessment of Advance's stock. His new l ...