Morgan Stanley raised the firm’s price target on AutoZone (AZO) to $4,000 from $3,750 and keeps an Overweight rating on the shares. Benefits from AutoZone’s growth initiatives are unfolding and the company is gaining share in both its DIY and Commercial businesses, as evidenced by the fiscal Q3 domestic comp growth of 5% and domestic DIY comp growth of 3%, the analyst tells investors in a post-earnings note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 $4,200 from $4,000 at Raymond James
- AutoZone price target raised to $4,100 from $3,850 at Guggenheim
- AutoZone price target lowered to $4,200 from $4,350 at JPMorgan
- AutoZone’s Strong Market Position and Strategic Investments Justify Buy Rating
- AutoZone Reports Mixed Q3 Results Amid Growth
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue