Raymond James analyst Bobby Griffin raised the firm’s price target on AutoZone to $3,400 from $3,100 and keeps a Strong Buy rating on the shares following the Q2 results. Raymond James expects second half results to support the firm’s favorable long-term thesis of do-it-yourself/do-it-for-me market share gains driven by improved parts coverage and availability, 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