BMO Capital analyst Tristan Thomas-Martin initiated coverage of AutoZone (AZO) with an Outperform rating and $3,700 price target AutoZone has been a “consistent share taker in a steadily growing but fragmented market,” the analyst tells investors in a research note. The firm says AutoZone has a meaningful opportunity to grow its commercial business and capture geographic white space, with additional upside and peer differentiation from international expansion.
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