Form 4 AUTOZONE INC For: Nov 29 Filed by: Newbern Thomas B
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CFRA Upgrades AutoZone (AZO) to Buy Ahead of Earnings Tuesday
December 4, 2023 12:50 PM ESTCFRA analyst Garrett Nelson upgraded AutoZone (NYSE: AZO) from Hold to Buy with a price target of $3,000.00 (from $2,650.00).
The analyst comments "We lift our 12-month target by $350 to $3,000, based on a FY 25 (Aug.) P/E of 18.5x, a slight premium to its five-year mean forward... More
