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AutoZone earnings selloff a buying opportunity, says JPMorgan

JPMorgan analyst Christopher Horvers recommends using the post-earnings selloff in shares of AutoZone (AZO) as a buying opportunity. The company is positioned for lagged storm benefits, tax refund stimulus, and improved margin dynamics going forward, the analyst tells investors in a research note. JPMorgan keeps an Overweight rating on AutoZone with a $4,300 price target

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