Raymond James raised the firm’s price target on AutoZone (AZO) to $4,200 from $4,000 and keeps a Strong Buy rating on the shares following the Q3 results. The firm remains constructive as sales momentum is accelerating and strategic investments are beginning to inflect, the analyst tells investors in a research note. Raymond James is also encouraged by AutoZone’s strong commercial momentum and long-term growth drivers.
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Read More on AZO:
- 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
- AutoZone’s Strategic Growth Initiatives Justify Buy Rating Despite Near-Term Challenges