AutoZone price target lowered to $4,300 from $4,400 at BMO Capital

BMO Capital analyst Tristan Thomas-Martin lowered the firm’s price target on AutoZone (AZO) to $4,300 from $4,400 and keeps an Outperform rating on the shares. The company’s Q2 EPS was better than anticipated, even with LIFO headwinds, but SSS came in well below, with adverse weather weighing on performance for both Commercial and DIY, the analyst tells investors in a research note. BMO adds that AutoZone’s ongoing investments position the company well for market share capture as new locations mature.