Citigroup Maintains Buy on AutoZone, Lowers Price Target to $3020
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Buy rating on AutoZone (NYSE:AZO) but lowers the price target from $3125 to $3020.
May 30, 2023 | 11:43 am
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NEUTRAL IMPACT
Citigroup maintains Buy rating on AutoZone, but lowers price target from $3125 to $3020.
Citigroup's lowered price target on AutoZone may have a neutral short-term impact on the stock price. While the Buy rating is maintained, indicating a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall sentiment remains positive, which may balance out any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100