Morgan Stanley Maintains Overweight on AutoZone, Raises Price Target to $3125
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on AutoZone (NYSE:AZO) and raised the price target from $3038 to $3125.
September 25, 2024 | 2:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on AutoZone and increased the price target from $3038 to $3125, indicating confidence in the company's performance.
The increase in price target by Morgan Stanley suggests a positive outlook on AutoZone's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100