Goldman Sachs Upgrades AutoZone (AZO) to Neutral

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Goldman Sachs upgraded AutoZone (NYSE: AZO) from Sell to Neutral with a price target of $370 (up from $341).

The firm sees continued traction from AutoZone's commercial rollout and strong capital allocation discipline. Goldman expects "sustainably lofty financial returns" to support the valuation.

For an analyst ratings summary and ratings history on AutoZone click here. For more ratings news on AutoZone click here.

Shares of AutoZone closed at $347.58 yesterday, with a 52 week range of $247.36-$350.55.

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