AutoZone, Inc. (AZO) recently experienced activity by several prominent investors. Highview Capital Management, USS Investment Management Ltd, and Numerai GP LLC reduced their positions, while ProShare Advisors LLC, Nomura Holdings Inc., and NorthRock Partners LLC added to theirs. Notably, the company has gained Wall Street's attention. Bank of America, JPMorgan, and Truist Securities have all raised their price targets for AZO. Analysts highlight strong industry tailwinds and a bullish outlook, leading to multiple upgrades before Q3 earnings. Auto projections point to a potential for near-term rallies. The company's impending Q3 earnings report has sparked interest, as it is expected to reveal key financial updates. AutoZone's stock position has grown considerably for Tidal Investments LLC, Worldquant Millennium Advisors LLC, and others. AutoZone's resilience amid economic uncertainty is noted and anticipations for it branching into an electric vehicle future is suggested by the Rivian CFO joining its board. Predictions are made about a possible stock split and overall market outperformance forecasted for AutoZone.
Autozone AZO News Analytics from Mon, 25 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 11:12:19 GMT - Rating 8 - Innovation -2 - Information 7 - Rumor 2
