Wells Fargo analyst Zachary Fadem lowered the firm’s price target on AutoZone (AZO) to $4,700 from $4,800 and keeps an Overweight rating on the shares. LIFO-driven gross margin percentage declines were steep, but Q4 was otherwise impressive via rising momentum, +4.8% U.S. comparable sales and 12%-plus DIFM gains, the firm says. Wells notes that while LIFO optics take EPS lower, the market should get it, and its bull case into FY26 screens intact.
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