TD Cowen Reiterates Buy Rating on AutoZone (AZO)

TD Cowen analyst Max Rakhlenko reiterated a Buy rating and $3,450.00 price target on AutoZone (NYSE: AZO).

The analyst commented, "Tweak 4Q domestic comps to +0.5% on DIY (1%) and DIFM +4% driven by an ongoing choppy consumer & a small accel. in DIFM. We look for DIFM trends to improve in FY25 driven by more Megahub openings & maturation of initiatives to improve speed to garages, especially in the context of its expanded multiple. Surveys show industry DIFM improving & DIY choppy; Pros increasingly rank AZO best for speed."

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 $3078.31 yesterday.

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