Citi analyst Steven Zaccone raised the firm’s price target on AutoZone (AZO) to $4,300 from $4,200 and keeps a Buy rating on the shares. The firm views the post-earnings share selloff as a buying opportunity. Citi attributes winter weather store closures for the same-store-sales miss.
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Read More on AZO:
- AutoZone: Resilient Growth, Temporary Margin Headwinds, and a Strengthened Buy Case
- AutoZone: Near-Term Noise Masks Solid Core Fundamentals and Attractive Buy Entry Point
- AutoZone Earnings Call: Growth Ambition Meets LIFO Drag
- Weather-Driven FQ2 Miss Masks Improving Fundamentals and Long-Term Growth, Creating an Attractive Buy Entry Point
- AutoZone earnings selloff a buying opportunity, says Wells Fargo
