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Fly News Breaks for December 7, 2016
AZO
Dec 7, 2016 | 08:53 EDT
UBS analyst Michael Lasser raised his price target on AutoZone to $875 from $850 following Q1 results. The analyst said there were encouraging signs in the company's sales with trends showing improvement in the coming quarter. He also cited its stable margins, consistent buybacks, and expectations for double digit earnings growth for the foreseeable future. Lasser reiterated his Buy rating on AutoZone shares.
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