Raymond James analyst Bobby Griffin lowered the firm’s price target on AutoZone (AZO) to $4,800 from $4,900 and keeps a Strong Buy rating on the shares following the Q4 results. While LIFO charges and SG&A deleverage from accelerated store openings will weigh on near-term profitability in FY26, these are temporary pressures, and there is potential upside if comps accelerate faster than the firm’s low single digit ticket growth assumption and foreign exchange trends remain favorable, the analyst tells investors in a research note.
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Read More on AZO:
- AutoZone price target raised to $4,600 from $4,100 at Guggenheim
- AutoZone price target raised to $4,700 from $4,000 at Morgan Stanley
- AutoZone price target lowered to $4,800 from $4,925 at UBS
- AutoZone price target lowered to $4,700 from $4,800 at Wells Fargo
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