Morgan Stanley raised the firm’s price target on AutoZone (AZO) to $4,020 from $4,000 and keeps an Overweight rating on the shares. While weather distorted Q2 comps, underlying demand is stable and the firm is expecting sales to rebound in the second half, the analyst tells investors in a post-earnings note.
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Read More on AZO:
- AutoZone price target lowered to $4,526 from $4,650 at Roth Capital
- AutoZone price target lowered to $4,100 from $4,125 at Evercore ISI
- AutoZone price target lowered to $4,300 from $4,400 at BMO Capital
- AutoZone earnings selloff a buying opportunity, says JPMorgan
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