Raymond James raised the firm’s price target on AutoZone (AZO) to $4,900 from $4,200 and keeps a Strong Buy rating on the shares. While GAAP gross margins are likely to be pressured by LIFO accounting noise, underlying demand trends for AutoZone remain solid, and the setup into FY26 is increasingly constructive with foreign exchange headwinds abating, the analyst tells investors in a research note. The firm remains encouraged by AutoZone’s strong commercial momentum and long-term growth drivers.
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Read More on AZO:
- AutoZone price target raised to $4,850 from $4,200 at JPMorgan
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