Citigroup Maintains Buy on AutoZone, Lowers Price Target to $3500
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Buy rating on AutoZone (NYSE:AZO) but lowers the price target from $3787 to $3500.

September 25, 2024 | 6:08 pm
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Citigroup analyst Steven Zaccone maintains a Buy rating on AutoZone but lowers the price target from $3787 to $3500, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in AutoZone's performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100