Evercore ISI Group Maintains Outperform on AutoZone, Lowers Price Target to $3350
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on AutoZone (NYSE:AZO) but has lowered the price target from $3900 to $3350.
September 20, 2024 | 11:57 am
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Evercore ISI Group has maintained an 'Outperform' rating on AutoZone but reduced the price target from $3900 to $3350, indicating a more conservative outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in AutoZone's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100