Evercore ISI Group Maintains Outperform on AutoZone, Lowers Price Target to $3346
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an Outperform rating on AutoZone (NYSE:AZO) but lowers the price target from $3400 to $3346.

April 16, 2024 | 2:39 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on AutoZone but lowers the price target from $3400 to $3346.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a slight recalibration of expectations for AutoZone's stock performance. The reduction in price target might reflect minor concerns or adjustments in valuation models, but the continued Outperform rating indicates a positive outlook on the company's fundamentals and market position. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target against the backdrop of a positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100