AutoZone earnings selloff a buying opportunity, says Wells Fargo

Wells Fargo analyst Zachary Fadem recommends using today’s post-earnings selloff in shares of AutoZone (AZO) as a buying opportunity. While the company’s fiscal Q2 comps fell short, its trends appear intact when excluding weather, the analyst tells investors in a research note. Wells says AutoZone’s story is unchanged when backing out weather. It keeps an Overweight rating on the shares with a $4,150 price target