AutoZone price target raised to $4,250 from $4,060 at Evercore ISI

Evercore ISI raised the firm’s price target on AutoZone (AZO) to $4,250 from $4,060 and keeps an Outperform rating on the shares. The timing of Trump 2.0 policies create uncertainties into the Q2 earnings season for large cap retailers, but Q2 was “generally” solid, with early tariff pass through and limited price elasticity allowing nominal demand to hold up, the the analyst tells investors in a retail earnings preview note.