Mizuho lowered the firm’s price target on AutoZone (AZO) to $3,850 from $4,050 and keeps an Outperform rating on the shares. AutoZone shares came under heavy pressure as operating expense growth unexpectedly picked up to more than 10%, notes the analyst, who adds that “estimates should be coming down.”
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Read More on AZO:
- AutoZone price target lowered to $4,400 from $4,600 at Guggenheim
- AutoZone price target lowered to $4,400 from $4,600 at BMO Capital
- AutoZone price target lowered to $4,325 from $4,800 at UBS
- AutoZone price target lowered to $4,500 from $4,700 at Wells Fargo
- AutoZone price target lowered to $4,318 from $4,510 at Barclays