
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