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Benzinga
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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.

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FAQ

Why Bullish?

The upgrade and price forecast raise confidence in AZO's performance amidst sector volatility.

How important is it?

Analyst upgrades signal potential stock recovery and improved operational performance.

Why Short Term?

Immediate consumer behavior and market conditions will influence AZO's performance rapidly.

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