Goldman Sachs upgrades Autozone on potential tariff benefits
ReutersApr 1, 2025 12:18 PM
Goldman Sachs upgrades auto parts retailer Autozone AZO.N to "neutral" from "sell", PT at $3,811
AZO may benefit from higher tariffs, including the 25% auto tariff, by passing on higher prices to customers, says brokerage
Company has performed well during economic downturns in the past, which can benefit it - Goldman Sachs
Autozone and O'Reilly Automotive ORLY.O can outperform peer Genuine Parts GPC.N due to GPC's poor comparative sales figures over the past 2 years, says brokerage
Says AZO and ORLY are taking market share from smaller competitors
Up to last close, AZO shares up 20.3% in the past 12 months
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