Truist Securities Maintains Buy on AutoZone, Lowers Price Target to $3341
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on AutoZone but has lowered the price target from $3394 to $3341.
September 25, 2024 | 3:07 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on AutoZone, indicating continued confidence in the stock. However, the price target has been slightly reduced from $3394 to $3341, suggesting a more conservative outlook.
The maintenance of the Buy rating suggests that the analyst still sees potential in AutoZone's stock, but the lowered price target indicates a slightly less optimistic view on its short-term price appreciation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100