AutoZone price target raised to $2,782 from $2,520 at Citi

Citi analyst Steven Zaccone raised the firm’s price target on AutoZone to $2,782 from $2,520 and keeps a Buy rating on the shares. The analyst came away more positive on AutoZone post the Q3 earnings report. The business is seeing steady momentum and the LIFO headwind is proving to be less severe than initial guidance, Zaccone tells investors in a research note. The analyst likes the shares at current levels.