AutoZone (AZO) Tops Q3 EPS by $6.34

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AutoZone (AZO) PT Raised to $1,650 at Jefferies

May 26, 2021 7:56 AM EDT

Jefferies analyst Bret Jordan raised the price target on AutoZone (NYSE: AZO) to $1,650.00 (from $1,455.00) while maintaining a Buy rating following third-quarter results, which showed commercial gains more than offset gross margin impact from DIFM mix.

The analyst commented, "At $26.48 AZO's Q3 EPS handily... More