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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- AutoZone’s Strong Market Position and Strategic Growth Justify Buy Rating Despite Temporary Setbacks
- AutoZone’s Strategic Growth and Resilience Justify Buy Rating and Increased Price Target
- AutoZone’s Growth Potential and Strategic Initiatives Justify Buy Rating Despite Temporary Margin Pressures