Erste Group downgraded AutoZone (AZO) to Hold from Buy. Autozone is benefiting from the longer useful life of cars and the resulting increase in the number of repairs, but the biggest challenge at the moment is the higher cost prices of the products sold as a result of the U.S. tariffs, which can only be partially passed on to customers due to strong competition, having a negative impact on profitability, the analyst tells investors.
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