Goldman Sachs analyst Kate McShane upgraded AutoZone (AZO) to Buy from Neutral with a price target of $4,262, up from $4,090. The firm sees an attractive risk/reward opportunity following the stock’s recent selloff. Goldman believes share upside can come from continued outperformance in the company’s domestic do-it-for-me business. Potential headwinds to AutoZone do-it-yourself demand will be largely temporary in nature, the analyst tells investors in a research note.
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