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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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