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These Analysts Revise Their Forecasts On AutoZone After Q4 Results

Published 20/09/2023, 19:30
© Reuters. These Analysts Revise Their Forecasts On AutoZone After Q4 Results
AZO
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Benzinga - by Lisa Levin, Benzinga Editor.

AutoZone Inc (NYSE: AZO) reported better-than-expected earnings for its fourth quarter.

The company posted fourth-quarter FY23 sales growth of 6.4% year-on-year to $5.69 billion, beating the analyst consensus of $5.61 billion. EPS of $46.46 beat the consensus of $45.12.

AutoZone shares gained 4% to trade at $2,575.11 on Wednesday.

These analysts made changes to their price targets on AutoZone following earnings announcement.

  • Barclays raised the price target on AutoZone from $2,721 to $2,742. Barclays analyst Seth Sigman maintained an Overweight rating.
  • JP Morgan boosted the price target on AutoZone from $2,950 to $2,975. JP Morgan analyst Christopher Horvers maintained an Overweight rating.
  • Morgan Stanley cut the price target on AutoZone from $2,835 to $2,750. Morgan Stanley analyst Simeon Gutman maintained an Overweight rating.
  • Truist Securities boosted the price target on AutoZone from $2,886 to $3,006. Truist Securities analyst Scot Ciccarelli maintained a Buy rating.
  • DA Davidson raised the price target on AutoZone from $2,425 to $2,500. DA Davidson analyst Michael Baker maintained a Neutral rating.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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