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Fly News Breaks for May 23, 2018
AZO
May 23, 2018 | 06:37 EDT
JPMorgan analyst Christopher Horvers lowered his price target for AutoZone to $800 citing a 5% reduction to his fiscal 2019 earnings estimates and a lower multiple following the company's Q3 results. The analyst, however, believes downward revisions to earnings estimates "could get overdone." He keeps an Overweight rating on AutoZone shares.
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