Autozone rises as brokerages hike PT following Q3 sales beat
*AutoZone Inc's AZO.N shares rise 2% to $3,784 in early trading
Brokerages raise their PT on co AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales
Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum
BMO says hub and mega hub ramp up continues to grow faster as co plans to open 10 mega-hubs next quarter and under 300 at full build by end of year
Twenty four of 29 brokerages rate stock "buy" or higher, five "hold"; their median PT is $4,069 - data compiled by LSEG
Including session's moves, shares up 18% YTD
Brokerage | New PT | Old PT | Upside to the stock's last close |
Guggenheim | $4,100 | $3,850 | 11% |
BMO | $4,100 | $3,850 | 11% |
Truist Securities | $4,038 | $3,995 | 9% |
UBS | $4,260 | $4,025 | 15% |
Raymond James | $4,200 | $4,000 | 14% |
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