Evercore ISI lowered the firm’s price target on AutoZone to $3,250 from $3,300 and keeps an Outperform rating on the shares. AutoZone is battling cyclical weather, lackluster consumer and disinflation headwinds, but despite these “less than favorable conditions,” the company is winning share while investing to enhance customer service and parts availability, the analyst tells investors in a post-earnings note.
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