Oppenheimer Downgrades AutoZone to Perform, Lowers Price Target to $2600
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Nagel has downgraded AutoZone (NYSE:AZO) from Outperform to Perform and lowered the price target from $2850 to $2600.

October 06, 2023 | 11:21 am
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AutoZone's rating has been downgraded by Oppenheimer from Outperform to Perform, with a lowered price target from $2850 to $2600.
The downgrade by Oppenheimer, a major financial institution, could negatively impact investor sentiment towards AutoZone, potentially leading to a decrease in its stock price. The lowered price target also suggests that Oppenheimer sees less upside potential for the stock, which could further dampen investor enthusiasm.
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