Wells Fargo analyst Zachary Fadem raised the firm’s price target on AutoZone (AZO) to $3,750 from $3,450 and keeps an Overweight rating on the shares. Soft Q1 comps were expected but the firm believes shares are higher via weaker sentiment, seemingly better exit rate/quarter-to-date and re-accelerating DIY inflation. Wells’ EPS notches lower via FX, but stage appears set for gradual 2025 comp improvement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZO:
Questions or Comments about the article? Write to editor@tipranks.com