AutoZone +2% after Raymond James calls it a top retail pick

• Raymond James upgrades AutoZone (NYSE:AZO) to a Strong Buy after having slotted at Outperform.
• "AZO is the proven, best-in-breed, consistent, long-term retail story that investors only get few chances over an entire career to acquire at a discount."
• With all the growth and profit metrics flashing green, AutoZone is called a top pick in the retail sector by the Raymond James analyst team.
• RJ hikes its price target to $1,565 from $1,500 to rep 29% upside potential. The new PT is much higher than where the average Wall Street PT has floated around over the last year.
• Shares of AZO are up 2.20% premarket to $1,190.18.