Mizuho raised the firm’s price target on AutoZone (AZO) to $3,600 from $3,550 and keeps a Neutral rating on the shares post the fiscal Q2 report. While the company’s operating expense growth “was held in check, weakening comp sales growth disappointed and surprised many to the downside,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZO:
- AutoZone price target raised to $3,600 from $3,550 at Mizuho
- Are Wall Street’s Top Analysts Still Bullish on AutoZone Stock (AZO) After Earnings?
- AutoZone price target lowered to $4,045 from $4,076 at Truist
- AutoZone price target raised to $4,020 from $4,000 at Morgan Stanley
- AutoZone price target lowered to $4,526 from $4,650 at Roth Capital