Barclays raised the firm’s price target on AutoZone to $3,100 from $2,779 and keeps an Overweight rating on the shares. While there is plenty to debate in AutoZone’s Q2 results, the company again demonstrated its ability to effectively manage through volatile periods, and overall, seems set up for stronger results ahead, the analyst tells investors in a research note.
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Read More on AZO:
- AZO Earnings: AutoZone Rallies on Robust Q2 Momentum
- AutoZone 2nd Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same Store Sales Increase 0.3%; EPS Increases to $28.89
- AutoZone reports Q2 EPS $28.89, consensus $26.28
- Notable companies reporting before tomorrow’s open
- AutoZone price target lowered to $2,779 from $2,800 at Barclays