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Fly News Breaks for September 12, 2017
AZO
Sep 12, 2017 | 07:17 EDT
BTIG analyst Alan Rifkin says that AutoZone is trading at a 37% discount to the S&P, making its valuation "very compelling." He says that in the four previous times the stock traded at a 40% discount to the market since 2001, it outperformed the market for the next year all four times. Rifkin expects the company to report comp sales growth of 1.2% for its Q4, up from 1% last year. He keeps an $825 price target and a Buy rating on the shares.
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