Wolfe Research assumed coverage of AutoZone (AZO) with an Outperform rating and $4,741 price target With pricing flowing through, the firm expects same-store sales to accelerate, and Zone’s SG&A investments will lead to an acceleration in share gains. While the firm is cautious on SG&A leverage and buybacks are moving lower, it expects AutoZone to continue compounding, the analyst tells investors in a research note.
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Read More on AZO:
- 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
- AutoZone price target raised to $4,850 from $4,200 at JPMorgan
- AutoZone price target raised to $4,800 from $4,200 at Wells Fargo