Roth Capital analyst Scott Stember lowered the firm’s price target on AutoZone (AZO) to $4,526 from $4,650 but keeps a Buy rating on the shares. The firm is positive on the company’s better than expected Q2 results in spite of the impact of closed stores following widespread winter weather, the analyst tells investors in a research note. Roth adds it continues to favor the steady automotive aftermarket and the ongoing share gains in the company’s DIFM/Professional segments, aided by store expansion.
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