Morgan Stanley analyst Simeon Gutman raised the firm’s price target on AutoZone (AZO) to $3,750 from $3,490 and keeps an Overweight rating on the shares. The company’s growth initiatives are working and execution is improving, though the macro environment remains an overhang, the analyst tells investors in a post-earnings note.
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- AutoZone’s Strategic Growth and Market Leadership Justify Buy Rating Despite Short-Term Challenges
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