Morgan Stanley Maintains Overweight on AutoZone, Lowers Price Target to $3038
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley maintains an Overweight rating on AutoZone (NYSE:AZO) but lowers the price target from $3100 to $3038.
May 22, 2024 | 10:56 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on AutoZone but lowers the price target from $3100 to $3038. This indicates continued confidence in the stock but suggests a slightly lower upside potential.
The Overweight rating suggests that Morgan Stanley still sees AutoZone as a strong investment, but the lowered price target indicates a tempered expectation for its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100