Goldman Sachs Shakes Up Auto Parts Stocks: Downgrades Genuine Parts, Upgrades AutoZone Amid Economic Volatility
1. Goldman Sachs upgraded AutoZone from Sell to Neutral amid market concerns. 2. Analyst raised AZO's price forecast from $3,044 to $3,811. 3. AutoZone benefits from improved DIY trends and strong pricing power. 4. AZO shares have increased 19.6% since being added to Sell list. 5. Analyst expects FY25 EPS to be $148.36, up from $146.65.