Barclays Reiterates 'Overweight/Top Pick' on AutoZone (AZO); Raising Estimates Again

Barclays reiterates 'Overweight/Top Pick' on AutoZone (NYSE: AZO) price target raised from $410 to $420.

Analyst, Alan M. Rifkin, said, "We are raising our estimates on AZO once again due to strong fundamentals and continued industry strength: In our view, the company's focus on the commercial opportunity is driving robust DIFM comp performance. On the DIY side, AutoZone's strong execution continues to result in market share gains."

Q3 EPS estimate raised from $6.15 to $6.30, FY12 from $23.30 to $23.45, FY13 from $26.90 to $27.10 and FY14 from $30.60 to $31.00.

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 $381.73 yesterday.

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