AutoZone rises after brokerages raise PT

Autozone

11/12/2024 14:55

** Automotive parts retailer AutoZone's  AZO.N  shares up 1% at
$3,384.80
    ** At least 10 brokerages raise PT on company's shares
    ** J.P.Morgan raises PT to $3,775 from $3,400, Wells Fargo
to $3,750 from $3,450
    ** "The quarter (Q1) ended better than it began as the
commercial business was impacted earlier in the period from
hurricanes" - brokerage D.A. Davidson
    ** 22 of 29 brokerages rate the stock "buy" or "higher", 6
"hold" and 1 "sell"; median PT $3,500 - LSEG
    ** As of last close, shares up ~30% YTD

(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))