As previously reported, Argus analyst Bill Selesky downgraded AutoZone (AZO) to Hold from Buy. The company’s revenue and earnings growth will be materially challenged in the short-term, due to the initiation of U.S. tariff legislation against certain countries, where AutoZone conducts and sources a significant portion of its product assortment, the analyst tells investors in a research note. AutoZone has significant sourcing exposure in Canada, Mexico and China, the firm adds, also cutting its FY25 EPS view to $157.10 from $164.20 to reflect its Q2 earnings miss and factoring in a “slower-growth” business environment.
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