AutoZone removed from ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI is closing out his positive tactical trading call on AutoZone and removed the stock from the firm’s "Tactical Outperform" list, noting that the stock is down 3% since the put on the call on February 17, which is similar to the S&P, but ahead of the SP Retail Index’s decline of 7%. The firm, which says AutoZone is navigating an inflationary environment with share gains, solid topline growth, and double digit EPS growth, has an In Line rating and $2,730 price target on the shares.