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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100