Ahead of the Bell: O'Reilly Automotive downgraded

A Deutsche Bank analyst downgraded auto parts retailer O'Reilly Automotive Inc. Friday, arguing that there is little upside to the stock at its current price.

Deutsche Bank (nyse: DB - news - people ) analyst Mike Baker lowered his rating on the Springfield, Mo.-based company to "Hold" from "Buy." However, he raised his share price target to $34 from $32.

"This is a valuation call and we see very few fundamental concerns," Baker wrote in a note to clients. "In fact, after the fourth-quarter results, we believe the fundamental outlook has improved and we are therefore increasing both our estimates and price target."

Baker said he would look to reinvest if the stock price deteriorates.

http://www.forbes.com/feeds/ap/2009/02/27/ap6106020.html