On Thursday, RBC Capital Markets adjusted its outlook on Advance Auto Parts (NYSE: AAP ) by reducing the price target from $50.00 to $44.00, while keeping a Sector Perform rating on the company's shares. The stock, currently trading at $37.92, has declined nearly 15% in the past week and 40% over the last year. According to InvestingPro analysis, the company appears fairly valued based on its proprietary Fair Value model. The adjustment follows an analysis of the company's recent performance, which indicated some progress in its turnaround efforts but was overshadowed by various atypical items and softer-than-expected trends in the current quarter.