Morgan Stanley Maintains Overweight on AutoZone, Lowers Price Target to $2750
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on AutoZone (NYSE:AZO) but lowered the price target from $2835 to $2750.

September 20, 2023 | 12:18 pm
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Morgan Stanley has maintained an Overweight rating on AutoZone but lowered the price target from $2835 to $2750.
The news is directly related to AutoZone as Morgan Stanley has maintained an Overweight rating on the company but lowered the price target. This could potentially impact the stock's performance in the short term as investors adjust their expectations based on the new price target. However, the Overweight rating suggests that the analyst still sees potential upside for the stock, which could offset some of the negative impact of the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100