Citigroup Maintains Buy on AutoZone, Lowers Price Target to $3420
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Buy rating on AutoZone (NYSE:AZO) but lowers the price target from $3505 to $3420.

May 07, 2024 | 5:51 pm
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Citigroup maintains a Buy rating on AutoZone but lowers the price target from $3505 to $3420.
The reduction in price target by Citigroup reflects a slight adjustment in valuation expectations for AutoZone, possibly due to market conditions or company-specific factors not detailed in the news. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals and growth prospects. This mixed signal could lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100