AutoZone’s shares dropped by 1.28% after Robert W. Baird downgraded its rating from “Outperform” to “Neutral,” setting a new price target of $3,900. This downgrade follows the company’s first-quarter earnings miss in December, despite an 8.2% revenue increase. AutoZone is continuing its expansion strategy, investing in “Mega Hubs” to improve logistics and delivery, with the effectiveness of these hubs in boosting operational margins being a key focus for investors.
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AutoZone Shares Face Mounting Investor Doubts Following Analyst Downgrade
AutoZone’s shares dropped by 1.28% after Robert W. Baird downgraded its rating from “Outperform” to “Neutral,” setting a new price target of $3,900. This downgrade follows the company’s first-quarter earnings miss in December, despite an 8.2% revenue increase. AutoZone is continuing its expansion strategy, investing in “Mega Hubs” to improve logistics and delivery, with the effectiveness of these hubs in boosting operational margins being a key focus for investors.