BMO Capital raised the firm’s price target on AutoZone (AZO) to $3,850 from $3,700 and keeps an Outperform rating on the shares. The company’s Q2 results, outside of SSS, were slightly below expectations, impacted by weather headwinds and ongoing growth investments, but the management continues to sound confident that its initiatives to capture market share in what is still a very fragmented industry will gain momentum in the second half of the year, the analyst tells investors in a research note.
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Read More on AZO:
- AutoZone cut to Hold at Argus on challenged revenue and earnings due to tariffs
- AutoZone price target raised to $3,500 from $3,350 at DA Davidson
- AutoZone price target raised to $3,900 from $3,800 at TD Cowen
- AutoZone price target raised to $3,850 from $3,750 at Guggenheim
- AutoZone price target raised to $3,841 from $3,753 at Truist