UBS analyst Michael Lasser raised the firm’s price target on AutoZone (AZO) to $4,925 from $4,260 and keeps a Buy rating on the shares. AutoZone is poised to post a good Q4 print, demonstrating that it is seeing a return on the investments that it’s been making in its stores, fleet, supply chain, people, and technology to position it well to drive share gains, the analyst tells investors in a research note. UBS continues to view AutoZone as well-positioned to gain share moving forward and continue to view the stock’s risk/reward profile as favorable.
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