Tiger Brokers

BUZZ-BofA upgrades AutoZone to 'buy', raises PO

Reuters
May 21
BUZZ-BofA upgrades AutoZone to 'buy', raises PO

** BofA Global Research upgrades auto part retailer AutoZone AZO.N to 'buy' from 'neutral', raises price objective to $4,800 from $3,900

** New price objective a 23.7% upside to stock's last close

** Shares are down 0.25% at $3,870

** Brokerage says upgrade driven by co's potential benefit from price increases and tailwind from maturing commercial programs

** Says auto tariffs could benefit auto parts aftermarket sales, as consumers spend more on repair rather than buy new vehicles

** 23 of 29 brokerages rate the stock "buy" or higher and 6 "hold" ; their median PT is $3,950 - data compiled by LSEG

** Including session's moves, shares are up 21% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10