UPDATE: ISI Upgrades O'Reilly Automotive to Hold

ISI is out with its report today on O'Reilly Automotive (NASDAQ: ORLY), upgrading ORLY to Hold.

In its report, ISI writes, "Upgrading ORLY to Hold as auto parts retailers should prove increasingly defensive in a decelerating retail tape."

At the time of posting, shares of ORLY were trading at $64.91, up 1.53% from Friday's close.