Guggenheim raised the firm’s price target on AutoZone (AZO) to $4,600 from $4,100 and keeps a Buy rating on the shares. Q4 operating results were “solid,” says the analyst, who expects AutoZone’s strategic investments to drive a sustained acceleration in domestic commercial sales growth.
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Read More on AZO:
- AutoZone price target raised to $4,700 from $4,000 at Morgan Stanley
- AutoZone price target lowered to $4,800 from $4,925 at UBS
- AutoZone price target lowered to $4,700 from $4,800 at Wells Fargo
- AutoZone’s Strategic Expansion and Resilience Amid Inflationary Pressures: A Buy Recommendation
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