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Stock Market & Financial Investment News

News Breaks
June 4, 2014
07:11 EDTAZOAutoZone reiterated as a Buy at Stifel
Stifel reiterated its Buy rating on Autozone following management commentary at the 2014 Stifel Consumer Conference. The analyst said Autozone had stronger trends in the Northeast and Midwest last quarter due to cold weather and remains optimistic about a continuation in parts breakage with the hot weather. The firm said commercial programs are still ramping and for SG&A headwinds to fade this quarter. Shares remain Buy rated with a $570 price target.
News For AZO From The Last 14 Days
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August 27, 2015
07:19 EDTAZOAutoZone added to US 1 List at BofA/Merrill
BofA/Merrill added AutoZone to the US 1 List and maintained its Buy rating and $865 price target on shares. Analyst Denise Chai said AutoZone is a domestic, secular domestic growth story which will continue to benefit from accelerating miles driven, a record old fleet, and distribution initiatives that support faster growth.
August 25, 2015
08:05 EDTAZOAutoZone identified as defensive name at Citi
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August 24, 2015
09:45 EDTAZOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
08:56 EDTAZOAutoZone upgraded to Buy on comp outlook, strong industry trends at BofA/Merrill
As previously reported, BofA/Merrill upgraded AutoZone to Buy from Neutral with an $865 price target. The firm raised estimates on a higher comp outlook, saying it expects strength in miles driven due to lower fuel prices and increased employment. BofA/Merrill expects distribution initiatives to increase parts availability, especially in commercial, where the company is under-penetrated. The firm sees strong industry trends ahead and comp growth of 3.3% over the next few years, which should narrow the valuation gap versus peers.
07:25 EDTAZOAutoZone upgraded to Buy from Neutral at BofA/Merrill
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