Wedbush raised the firm’s price target on AutoZone to $2,950 from $2,750 and keeps an Outperform rating on the shares. The firm notes the company reported Q1 2024 results that were below consensus expectations on domestic comparable store sales, but strong International comps drove total revenue in line with consensus expectations, and stronger margins drove EPS upside.
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Read More on AZO:
- AutoZone (NYSE:AZO) Races Ahead on Strong Q1 Print
- Options Volatility and Implied Earnings Moves Today, December 05, 2023
- AutoZone 1st Quarter Domestic Same Store Sales Increase 1.2%; EPS Increases to $32.55
- AutoZone reports Q1 total company SSS up 3.4%
- AutoZone opened 17 new stores in the U.S in Q1