UBS lowered the firm’s price target on AutoZone (AZO) to $4,800 from $4,925 and keeps a Buy rating on the shares. There’s a lot more to like than not like about AutoZone’s investment case, the analyst tells investors in a research note. The two-sided margin pressure is temporary and should put the company on even stronger footing, and AutoZone should be able to maintain its double-digit EPS growth formula even if the pieces on how it arrives at the bottom-line are a bit different than in the past, the firm argues.
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Read More on AZO:
- AutoZone price target lowered to $4,700 from $4,800 at Wells Fargo
- AutoZone’s Strategic Expansion and Resilience Amid Inflationary Pressures: A Buy Recommendation
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