Argus Upgrades AutoZone (AZO) to Buy, Sees Positive Growth Ahead

2026-03-09 14:23:18

Argus has upgraded AutoZone (AZO) to a Buy rating with a price target of $4,325, expecting positive profit growth to resume by fiscal Q3 2026. This outlook is driven by strategic store expansions and growth in international markets, despite recent impacts from lower gross margins and increased operating expenses. The company’s strong market position and high institutional ownership reflect confidence, though a moderate financial health rating and insider selling are noted as risks.

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