UPDATE: Goldman Sachs Raises PT on AutoZone to $292

Goldman Sachs is out with its report today on Autozone AZO, raising its PT from $262 to $292. In a note to clients, Goldman Sachs writes, "We base our 12-month price target on a blend of 75% EV/EBITDA and 25% DCF. We raise our price target to $292 from $262 on our higher estimates and cash flows. We rate the stock Sell relative to our coverage group." Shares of AZO closed Tuesday at $293.30, up 5.97% from Monday's close.