JP Morgan Maintains Overweight on AutoZone, Raises Price Target to $3200
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $3000 to $3200.
February 28, 2024 | 2:21 pm
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JP Morgan analyst Christopher Horvers has reaffirmed an Overweight rating on AutoZone and raised the price target from $3000 to $3200.
The increase in price target by a reputable analyst like Christopher Horvers from JP Morgan is a strong positive signal for AutoZone. It suggests a bullish outlook on the stock's future performance, potentially leading to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100