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Fly News Breaks for September 19, 2018
ORLY, AAP, AZO
Sep 19, 2018 | 08:54 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on AutoZone (AZO) to $775 from $779 and kept his Sector Perform rating after its Q4 results, saying that while comps accelerated, they were still below the buy-side expectations. The analyst cites the headwinds in comps coming from "vendor transitions and poor weather out West", and also warns that the company's exposure to "Do It for Me", or DIFM, segment of auto servicing will constrain its comps improvement relative to O'Reilly (ORLY) or Advance Auto Parts (AAP).
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