BofA raised the firm’s price target on AutoZone to $3,222 from $3,110 and keeps a Neutral rating on the shares. Following the fiscal Q2 earnings beat, the firm is raising its 2024, 2025 and 2026 estimates “slightly,” but reiterates a Neutral rating to reflect what it sees as the balanced upside and downside potential of AutoZone shares.
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Read More on AZO:
- AZO Earnings: AutoZone Rallies on Robust Q2 Momentum
- AutoZone 2nd Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same Store Sales Increase 0.3%; EPS Increases to $28.89
- AutoZone reports Q2 EPS $28.89, consensus $26.28
- Notable companies reporting before tomorrow’s open
- AutoZone price target lowered to $2,779 from $2,800 at Barclays
