Morgan Stanley analyst Simeon Gutman raised the firm’s price target on AutoZone (AZO) to $4,700 from $4,000 and keeps an Overweight rating on the shares. Topline acceleration continues, same-SKU price increases are holding, and underlying merchandise margins are improving, says the analyst, who expects AutoZone to continue gaining share in FY26.
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Read More on AZO:
- 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
- AutoZone’s Strong Market Position and Strategic Growth Justify Buy Rating Despite Temporary Setbacks
- AutoZone’s Strategic Growth and Resilience Justify Buy Rating and Increased Price Target