AZO Stock Gets A Target Reduction From JPMorgan – But Analyst Believes It’s Good Time To Add To Positions At Current Levels
JPMorgan sees AutoZone’s valuation as attractive at current levels as estimates are being “right-sized,” according to a note cited by The Fly. JPMorgan attributed AutoZone’s recent 15% decline to lower same-store-sales estimates and tougher inflation comparisons ahead, according to TheFly. Truist and Raymond James also lowered their price targets following the results, while maintaining ‘Buy’ … Read more