AutoZone (AZO) December 2600 straddle into quarter results

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Go back to AutoZone (AZO) December 2600 straddle into quarter results

CFRA Upgrades AutoZone (AZO) to Buy Ahead of Earnings Tuesday

December 4, 2023 12:50 PM EST

CFRA 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