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Fly News Breaks for October 5, 2015
AZO
Oct 5, 2015 | 07:56 EDT
As noted earlier, Oppenheimer upgraded AutoZone to Outperform from Perform. The firm is upbeat on the company's management and execution. It contends that the company's recently introduced inventory and supply chain-related initiatives will "modestly" raise its comp sales "over time." Oppenheimer believes that the company's "positive late-cycle economic sensitivity and business model security" make it appealing to investors. Target $850.
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