BMO Capital analyst Tristan Thomas-Martin initiated coverage of AutoZone (AZO) with an Outperform rating and $3,700 price target AutoZone has been a “consistent share taker in a steadily growing but fragmented market,” the analyst tells investors in a research note. The firm says AutoZone has a meaningful opportunity to grow its commercial business and capture geographic white space, with additional upside and peer differentiation from international expansion.
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Read More on AZO:
- AutoZone price target raised to $3,450 from $3,400 at Evercore ISI
- AutoZone price target raised to $3,750 from $3,350 at Guggenheim
- AutoZone price target raised to $3,753 from $3,501 at Truist
- AutoZone price target raised to $3,875 from $3,500 at UBS
- AutoZone price target raised to $3,900 from $3,500 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
