Evercore ISI analyst Greg Melich raised the firm’s price target on AutoZone (AZO) to $4,500 from $4,250 and keeps an Outperform rating on the shares. Expectations are “high but justified,” contends the analyst, citing do-it-for-me initiatives and tariff pass-throughs boosting comp growth to 4.5%. AutoZone is poised to gain share in “a reenergized auto aftermarket landscape,” the analyst tells investors.
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Read More on AZO:
- AutoZone’s Growth Potential and Strong Market Position Support Buy Rating
- Wolfe assumes AutoZone at Outperform, sees further compounding
- AutoZone assumed with an Outperform at Wolfe Research
- AutoZone price target raised to $4,504 from $4,038 at Truist
- AutoZone price target raised to $4,900 from $4,200 at Raymond James