AutoZone: Barclays cuts TP

(CercleFinance.com) - Barclays confirms its "overweight" rating on AutoZone shares, while reducing its target price for them from $3100 to $3024, deeming the distributor of automotive spare parts and accessories as close to a crossroads, after its quarterly results.


Barclays has confirmed its overweight recommendation on AutoZone shares, while reducing its target price for them from $3100 to $3024, judging the distributor of car parts and accessories to be close to a crossroads following its quarterly publication.

"AZO again showed its unique ability to effectively manage EPS in all different scenarios. But the debate around the sustainability of these levers is heating up, given the lack of a clear path to sales improving", the broker says.


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