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

Oct. 14, 2020 8:41 AM ETAutoZone, Inc. (AZO)AZOBy: Clark Schultz, SA News Editor4 Comments
  • 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.

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