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Fly News Breaks for May 2, 2016
AZO
May 2, 2016 | 08:50 EDT
Argus increased its price target on AutoZone, as it raised its five year growth rate estimate for the company to 10% from 8%. One catalyst for the increase is the raising of the firm's annual stock repurchase estimate to $1B or slightly more. Argus remains upbeat on the company's fundamentals and keeps a Buy rating on the shares.
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