BUZZ-D.A. Davidson upgrades AutoZone, raises PT

Reuters

Mar 21, 2025

** D.A. Davidson upgrades AutoZone AZO.N to "buy" from "neutral", raises PT to $4,192 from $3,500

** Brokerage says auto parts aftermarket industry trends to be more consistent and resilient in times of economic downturns

** "We believe improving execution and building momentum within the company's brand elevation strategy is set to drive additional market share capture opportunities and margin expansion," D.A. Davidson says

** Adds that co is inflation/tariff beneficiary since higher prices in auto parts space are historically passed through to customers in margin neutral way, with little loss of volume

** Twenty-two of 30 brokerages rate stock "buy" or higher, 7 "hold" and 1 "sell"; median PT is $3,795.5 - data compiled by LSEG

** AZO stock up 11.6% YTD as of last close; it rose ~24% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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Davidson upgrades AutoZone, raises PT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-21 21:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-D.A. Davidson upgrades AutoZone, raises PT </title></head><body><p>** D.A. Davidson upgrades AutoZone <span>AZO.N</span> to \"buy\" from \"neutral\", raises PT to $4,192 from $3,500</p><p>** Brokerage says auto parts aftermarket industry trends to be more consistent and resilient in times of economic downturns </p><p>** \"We believe improving execution and building momentum within the company's brand elevation strategy is set to drive additional market share capture opportunities and margin expansion,\" D.A. 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