Truist Securities Maintains Buy Rating for AutoZone: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for AutoZone (NYSE:AZO) but lowered its price target from $3006.00 to $2863.00. AutoZone's shares are currently trading at $2497.60, and a move to the new target would represent a 14.63% increase.
October 05, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for AutoZone but lowered its price target. This could potentially lead to a 14.63% increase in the share price.
The maintained Buy rating indicates that Truist Securities still sees potential in AutoZone's stock. However, the lowered price target suggests a slightly less optimistic outlook than before. If the new target is reached, it would represent a significant increase from the current share price.
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