AutoZone price target raised to $4,025 from $3,875 at UBS

UBS raised the firm’s price target on AutoZone (AZO) to $4,025 from $3,875 and keeps a Buy rating on the shares. AutoZone’s Q2 results support the firm’s bullish thesis on the stock, and UBS believes AutoZone continues to make progress with its key growth initiatives that will translate to sustainable share gains in the quarters ahead and power top-line growth even if industry growth slows, the analyst tells investors in a research note. The firm continues to view the stock’s risk/ reward profile as skewed to the upside.