Reported 1 day ago
JPMorgan has raised its price target for AutoZone Inc. from $3,830 to $4,350 while maintaining an Overweight rating ahead of the company's upcoming third-quarter earnings report set for May 28. Analysts expect AutoZone to gain market share and benefit from improvements in its processes and technology. Despite a cautious outlook on margins, JPMorgan believes any post-earnings dip could provide a buying opportunity for investors.
Source: YAHOO