AutoZone (AZO) option IV elevated into quarter results
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September 25, 2024 6:57 AM EDT
William Blair analyst Philip Blee reiterated an Outperform rating on AutoZone (NYSE: AZO).
The analyst comments "AutoZone shares are down 3% in premarket trading on the weaker-than-expected fourth-quarter results. We believe that investors are primarily concerned about the softening demand backdrop, where a lack of pricing power could remain a headwind in the first half of fiscal 2025 as the industry normalizes from elevated inflation during the 2021 and 2022 era.... More
September 25, 2024 5:57 AM EDT
DA Davidson analyst Michael Baker reiterated a Neutral rating and $3,025.00 price target on AutoZone (NYSE: AZO).
The analyst comments "AZOs stock has been resilient all year as the stock has missed consensus comps three times in calendar 2024, including today, yet... More
September 25, 2024 5:52 AM EDT
Morgan Stanley analyst Simeon Gutman raised the price target on AutoZone (NYSE: AZO) to $3,125.00 (from $3,038.00) while maintaining a Overweight rating.
The analyst comments "We are Overweight rated and raise our PT to $3,125 (from $3,038). Risk/reward skews positive with ~34%/~24% upside/downside to our... More
September 25, 2024 5:32 AM EDT
Citi analyst Steven Zaccone lowered the price target on AutoZone (NYSE: AZO) to $3,500.00 (from $3,787.00) while maintaining a Buy rating.
The analyst comments "AZO reported F4Q results that missed on both the top and bottom line. The auto parts retail backdrop is clearly... More
September 24, 2024 9:13 AM EDT
CFRA analyst Garrett Nelson raised the price target on AutoZone (NYSE: AZO) to $3,300.00 (from $3,250.00) while maintaining a Buy rating.
The analyst comments "We raise our 12-month target by $50 to $3,300, based on a FY 26 (Aug.) P/E of 18.0x, a slight... More
