Argus analyst Bill Selesky raised the firm’s price target on AutoZone to $3,560 from $3,300 and keeps a Buy rating on the shares, suggesting a total return potential of about 15% from current prices. The company’s higher earnings in Q4 reflected positive contributions from higher sales, favorable same-store sales comparisons and higher merchandise margins, the analyst tells investors in a research note. The firm says AutoZone continues to be one of the top players in the automotive replacement parts and accessories industry.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZO:
- AutoZone price target lowered to $3,300 from $3,350 at Evercore ISI
- AutoZone price target lowered to $3,341 from $3,394 at Truist
- AutoZone price target raised to $3,350 from $3,225 at Guggenheim
- AutoZone price target raised to $3,500 from $3,340 at UBS
- AutoZone price target raised to $3,125 from $3,038 at Morgan Stanley