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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZO: