BMO hikes AutoZone PT on strong sales, expansion plans

** BMO raises PT on auto parts supplier AutoZone AZO.N to $4,600 from $4,100, maintains rating at "outperform"

** New PT shows upside of 10.1% from stock's last close

** Brokerage believes co's strong sales growth, aggressive store expansion and favorable industry trends will drive long-term performance despite short-term profit pressures

** Notes co is riding strong industry tailwinds, as more aging vehicles on the road are driving steady demand for replacement auto parts

** 24 of 29 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $4,700 - data compiled by LSEG

** Including session's move, shares up 28.6% YTD