These Analysts Revise Their Forecasts On AutoZone After Q4 Results

Benzinga ·  09/21 02:30

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

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