Oppenheimer analyst Brian Nagel raised the firm’s price target on AutoZone (AZO) to $4,300 from $4,150 and keeps an Outperform rating on the shares. The firm studied recent Q2 results from AutoZone and connected with leadership. Data suggest underlying commercial sales productivity-driving initiatives are taking hold, while outsized cost pressures are abating, thereby very much supporting Oppenheimer’s even more constructive stance on shares.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZO:
- Netflix resumed, Starbucks downgraded: Wall Street’s top analyst calls
- Argus upgrades AutoZone to Buy on expected profit inflection
- AutoZone upgraded to Buy from Hold at Argus
- 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?