Truist analyst Scot Ciccarelli raised the firm’s price target on AutoZone (AZO) to $3,841 from $3,753 and keeps a Buy rating on the shares after its Q2 results. The company’s domestic comp trends improved modestly and were slightly better than the firm’s estimates, including a nice acceleration in Commercial sales, the analyst tells investors in a research note. Tariffs could also significantly increase same SKU inflation with little negative impact on units and help comps meaningfully accelerate, Truist adds.
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