Mizuho lowers AutoZone to 'neutral' on lukewarm quarterly results

AutoZone

05/01/2026 13:57

** Mizuho downgrades auto parts retailer AutoZone AZO.N to "neutral" from "outperform"

** Lowers PT to $3,550 from $3,850; new PT represents 7.5% upside on stock's last close

** "Following another miss in fiscal Q1 and signals of elevated operating expenses, we view Street estimates as currently misaligned and overly optimistic," brokerage says

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))