AutoZone first-quarter profit rises 10% on strong parts demand

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Raymond James sees 'compelling valuation' for AutoZone (AZO), lifts to strong buy

December 6, 2023 12:00 PM EST

AutoZone (NYSE: AZO) shares were raised to Strong Buy from Outperform at Raymond James on Wednesday, with analyst Bobby Griffin raising the stock price target to $3,100 from $2,850 per share.

The firm said it is lifting the stock's rating following its F1Q24 results based... More