Guggenheim raised the firm’s price target on AutoZone to $3,350 from $3,225 and keeps a Buy rating on the shares. AutoZone’s Q4 operating results were “once again somewhat mixed,” but AutoZone appears to be entering 2025 with a healthy real estate pipeline, setting the stage for an acceleration in square footage growth, both domestic and international, the firm contends. When combined with the impact of AutoZone’s expanded hub and mega hub rollouts, the firm continues to favor the company’s out-year secular growth potential, the analyst added.
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