Goldman Sachs raised its price target on AutoZone Inc. AZO to $258 from $246, but has a Sell rating on stock after the company reported earnings.
In a note sent to investors Goldman writes, "AZO's 1Q11 quarter encompasses seven weeks of AAP and ORLY's 4Q; we see positive read-across of sequential acceleration in AZO yoy SSS comps. Within auto parts, we prefer AAP, given more plentiful margin drivers and ORLY, given CSK-related synergies."
Shares of AZO lost $1.76 yesterday to close at $260.15.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsAutomotive RetailConsumer DiscretionaryGoldman Sachs
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in