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Fly News Breaks for September 19, 2018
AZO
Sep 19, 2018 | 08:36 EDT
Stephens analyst Ben Bienvenu lowered his price target on AutoZone shares to $825 based on his FY19 estimates following the company's Q4 report, but he believes that the current valuation presents an attractive entry point. Bienvenu noted that AutoZone's sales growth accelerated later in the quarter, which he said makes him more confident heading into the new year. He maintains an Overweight rating on AutoZone shares.
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