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AZO Autozone News Story

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Consumer CyclicalsConservativeLarge CapNeutral

Autozone rises as brokerages hike PT following Q3 sales beat

Updates

** AutoZone Inc's AZO.N shares rise 2% to $3,784 in early trading

** Brokerages raise their PT on co AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales

** Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum

** BMO says hub and mega hub ramp up continues to grow faster as co plans to open 10 mega-hubs next quarter and under 300 at full build by end of year

** Twenty four of 29 brokerages rate stock "buy" or higher, five "hold"; their median PT is $4,069 - data compiled by LSEG

** Including session's moves, shares up 18% YTD

BrokerageNew PTOld PTUpside to the stock's last close
Guggenheim$4,100$3,85011%
BMO$4,100$3,85011%
Truist Securities$4,038$3,9959%
UBS$4,260$4,02515%
Raymond James$4,200$4,00014%
(Reporting by Apratim Sarkar) ((Apratim.Sarkar@thomsonreuters.com))

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