AutoZone Set To Gain As Tariffs Push Car Owners To Repair Over New Purchases: Analyst
BofA Securities analyst Robert F. Ohmes upgraded AutoZone, Inc. AZO from Neutral to Buy, raising the price forecast from 4800.The analyst writes that the upgrade stems from growing confidence in AutoZone’s ability to perform well during economic downturns, continued market share gains across both DIY and professional customer segments, and the “potential inflation benefit” from price increases.Ohmes also cited improving dynamics in the used versus new car market, ongoing momentum in the Pro busine ...