AutoZone added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Greg Melich is initiating a positive tactical trading call on AutoZone ahead of results on February 28 and adding the stock to the firm’s "Tactical Outperform" list ahead of the company’s earnings report. Shares are lagging the S&P and XRT Index year-to-date and the firm sees potential for a mid to high single digit upside as AutoZone "plays catch up," the analyst tells investors. Evercore has an In Line rating and $2,700 price target on AutoZone shares.