JPMorgan raised the firm’s price target on AutoZone (AZO) to $3,830 from $3,775 and keeps an Overweight rating on the shares. The company continues to post mixed earnings prints, but the fiscal Q2 report had an important inflection in do-it-for-me comps of up 6%, the analyst tells investors in a research note. The firm expects the company’s repurchases to accelerate.
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