AutoZone Set To Gain As Tariffs Push Car Owners To Repair Over New Purchases: Analyst
1. BofA upgraded AutoZone from Neutral to Buy, raising price target to $4800. 2. Analyst cites strong performance expectations during economic downturns and market share gains. 3. Inflation-driven price increases anticipated, benefiting AutoZone's sales and margins. 4. AutoZone's position is strong with lower exposure to tariffs from China. 5. Consumers may prefer repairs over new cars, increasing demand for quality auto parts.