Morgan Stanley Maintains Overweight on AutoZone, Raises Price Target to $3100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $2900 to $3100.
February 28, 2024 | 5:35 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on AutoZone and raised the price target from $2900 to $3100.
The increase in price target by a reputable analyst like Simeon Gutman from Morgan Stanley suggests a strong bullish sentiment towards AutoZone. This is likely to instill confidence among investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100