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Investment analysts at Wedbush boosted their price target on shares of AutoZone (NYSE:AZO) from $490.00 to $540.00 in a note issued to investors on Friday, American Banking reports. The firm currently has a “neutral” rating on the stock. Wedbush’s target price indicates a potential upside of 1.05% from the stock’s previous close.

AutoZone (NYSE:AZO) last released its earnings data on Tuesday, December 10th. The company reported $6.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.27 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $5.41 earnings per share. AutoZone’s revenue was up 5.2% compared to the same quarter last year.

A number of other firms have also recently commented on AZO. Analysts at Bank of America Corp. reiterated a “positive” rating on shares of AutoZone in a research note to investors on Friday. Separately, analysts at Wolfe Research downgraded shares of AutoZone from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. Finally, analysts at Barclays raised their price target on shares of AutoZone from $500.00 to $550.00 in a research note to investors on Friday, January 17th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. AutoZone presently has a consensus rating of “Buy” and a consensus price target of $483.60.

AutoZone, Inc (NYSE:AZO) is a retailer and a distributor of automotive replacement parts and accessories in the United States.

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