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Fly News Breaks for September 19, 2018
AZO
Sep 19, 2018 | 06:41 EDT
JPMorgan analyst Christopher Horvers raised his price target for AutoZone to $880 following yesterday's Q4 results. Same-store-sales estimates look achievable, numbers are moving higher, and the stock is inexpensive, Horvers tells investors in a research note. He believes AutoZone has stepped into the lead on delivery to home with currently free next-day delivery. The analyst keeps an Overweight rating on the shares.
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