AutoZone added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Greg Melich is adding AutoZone to the firm’s "Tactical Outperform" list ahead of the company’s fiscal Q1 report due in early December, noting that his own estimates are above the Street view on both topline and earnings for Q1 and into calendar 2023. He believes AutoZone is gaining share and "will do a solid job on cost control," said Melich, who has an In Line rating and $2,400 price target on the shares.