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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 06:41 EDT
UBS analyst Michael Lasser lowered the firm's price target on AutoZone to $1,325 from $1,425 and keeps a Buy rating on the shares. The analyst believes that the the abnormally warm winter conditions highlighted by the earnings reports of all of the company's peers will also be manifested at AutoZone, driving a 1.5% decline in its DIY performance. Lasser adds that Q2 will encompass the softer battery demand environment which started in December and extended through February.
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