Goldman Sachs Upgrades AutoZone (AZO) to Neutral

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January 30, 2012 7:15 AM EST
Get Alerts AZO Hot Sheet
Price: $3,078.98 --0%

Rating Summary:
    30 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 20 | New: 6
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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.

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