AutoZone misses quarterly profit estimates on rising costs; shares down
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William Blair Reiterates Outperform Rating on AutoZone (AZO)
September 25, 2024 6:57 AM EDTWilliam 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
DA Davidson Reiterates Neutral Rating on AutoZone (AZO)
September 25, 2024 5:57 AM EDTDA 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
AutoZone (AZO) PT Raised to $3,125 at Morgan Stanley
September 25, 2024 5:52 AM EDTMorgan 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
AutoZone (AZO) PT Lowered to $3,500 at Citi
September 25, 2024 5:32 AM EDTCiti 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
