AutoZone price target lowered to $4,750 from $4,800 at Roth Capital

Roth Capital lowered the firm’s price target on AutoZone (AZO) to $4,750 from $4,800 but keeps a Buy rating on the shares. The company’s Q4 results were “mixed” with earnings miss and in-line sales, though the steady state of the automotive aftermarket and ongoing share gains in DIFM/Professional, aided by store expansion, will serve the company well longer term, the analyst tells investors in a research note. Roth adds that it still expects AutoZone to return to robust EPS growth later in the year.