AutoZone price target raised to $3,500 from $3,350 at DA Davidson

DA Davidson raised the firm’s price target on AutoZone (AZO) to $3,500 from $3,350 and keeps a Neutral rating on the shares. The stock traded flat after Q2 results despite FX headwinds causing a miss on revenue and operating income, which is due to auto parts’ relatively favorable positioning in a volatile environment, particularly as it relates to the space’s ability to pass through tariff increases, the analyst tells investors in a research note.