AutoZone 3rd Quarter Total Company Same Store Sales Increase 0.9%; Domestic Same Store Sales were flat; EPS Increases to $36.69
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AutoZone (AZO) PT Lowered to $3,110 at JPMorgan
May 22, 2024 7:53 AM EDTJPMorgan analyst Christopher Horvers lowered the price target on AutoZone (NYSE: AZO) to $3,110.00 (from $3,200.00) while maintaining a Overweight rating.
The analyst comments "...category slowdown reflects ongoing softness in the low end consumer and deferral; we expect improvement from here; bears think 8% lower. Overall, AZO posted its fifth consecutive quarter of sub-par domestic comps as pricing continues to bottom and pressures on the low end and... More
AutoZone (AZO) PT Lowered to $3,394 at Truist Securities
May 22, 2024 7:07 AM EDTTruist Securities analyst Scot Ciccarelli lowered the price target on AutoZone (NYSE: AZO) to $3,394.00 (from $3,523.00) while maintaining a Buy rating.
The analyst comments "Domestic comps were below our est. (flat vs. our 1.8%E), but we think the Street was largely braced... More
AutoZone (AZO) PT Lowered to $3,340 at UBS
May 22, 2024 5:56 AM EDTUBS analyst Michael Lasser lowered the price target on AutoZone (NYSE: AZO) to $3,340.00 (from $3,465.00) while maintaining a Buy rating.
The analyst comments "AZO managed high-single digit earnings growth in a quarter challenged by weather, deflation, delays in tax refunds and ongoing macro... More
AutoZone (AZO) PT Lowered to $3,038 at Morgan Stanley
May 22, 2024 5:09 AM EDTMorgan Stanley analyst Simeon Gutman lowered the price target on AutoZone (NYSE: AZO) to $3,038.00 (from $3,100.00) while maintaining a Overweight rating.
The analyst comments "Our PT is based on a ~18x P/E multiple against our lowered C'25 EPS of ~$168.10. In F'24, we forecast ~1.2%... More
AutoZone (AZO) PT Lowered to $3,000 at Wolfe Research
May 22, 2024 5:06 AM EDTWolfe Research analyst Chris Bottiglieri lowered the price target on AutoZone (NYSE: AZO) to $3,000.00 (from $3,150.00) while maintaining a Outperform rating.
The analyst comments "We rate AutoZone at Outperform. We see a favorable backdrop for auto parts industry growth over the mid-term, driven by continued tight... More
AutoZone (AZO) PT Lowered to $3,250 at Evercore ISI
May 22, 2024 5:04 AM EDTEvercore ISI analyst Greg Melich lowered the price target on AutoZone (NYSE: AZO) to $3,250.00 (from $3,300.00) while maintaining a Outperform rating.
The analyst comments "AZO is battling cyclical weather/ lackluster consumer and disinflation headwinds evidenced by a flat domestic comp, SG&A de-leverage, and... More
AutoZone (AZO) PT Raised to $3,250 at CFRA
May 21, 2024 8:58 AM EDTCFRA analyst Garrett Nelson raised the price target on AutoZone (NYSE: AZO) to $3,250.00 (from $3,200.00) while maintaining a Buy rating.
The analyst comments "We boost our 12-month price target to $3,250 from $3,200, based on a FY 25 (Aug.) P/E of 19.2x, a justified... More
