Truist Securities Maintains Buy on AutoZone, Lowers Price Target to $3394
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on AutoZone (NYSE:AZO) but has lowered the price target from $3523 to $3394.
May 22, 2024 | 12:54 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on AutoZone but has lowered the price target from $3523 to $3394.
The Buy rating suggests continued confidence in AutoZone's performance, but the lowered price target indicates a more cautious outlook on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100