AutoZone price target raised to $2,878 from $2,800 at Truist

Truist raised the firm’s price target on AutoZone to $2,878 from $2,800 and keeps a Buy rating on the shares. The analyst cites the company’s "solid" Q4 earnings beat with positive DIY segment sales in spite of some "very difficult" comparisons. Truist remains an "aggressive buyer" given AutoZone’s defensive growth positioning, share gains, and capital returns.