AutoZone price target raised to $3,763 from $3,634 at Roth MKM

Roth MKM analyst Scott Stember raised the firm’s price target on AutoZone (AZO) to $3,763 from $3,634 and keeps a Buy rating on the shares. The company reported an in-line Q2 while the management commentary is suggesting that the steady state of the industry and ongoing share gains will serve the company well moving through a tough FY25, the analyst tells investors in a research note. The firm also points to heightened FX headwinds and ongoing growth-related costs in FY25 however but believes that AutoZone should return to at least low double digit EPS growth in FY26, Roth adds.