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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.
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May 20, 2015
06:04 EDTAZOPotential buyers approach Pep Boys about possible takeover, WSJ reports
Pep Boys has been approached about a takeover, according to sources cited by The Wall Street Journal. The sources say Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. The auto-parts and services retailer is not currently in negotiations with any of the firms and is not working with an investment bank, one source notes. Reference Link

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