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Fly News Breaks for February 24, 2020
AZO
Feb 24, 2020 | 08:29 EDT
Wells Fargo analyst Zachary Fadem lowered his price target for AutoZone to $1,200 from $1,300 as poor group sentiment hinges on quarter to date trends. Nonetheless, with peer results now fully digested, the analyst believes concerns around soft early-2020 trends are baked in, and anticipates improving AutoZone risk/reward into Q2 results. Fadem reiterates an Overweight rating on the shares.