AutoZone, Inc. (NYSE:AZO) Price Target Raised to $870 by Credit Suisse

Credit Suisse raised target price on AutoZone, Inc. (NYSE:AZO) to $870 from $750 expecting the company to make most of the solid momentum in its retail business and numerous opportunities to accelerate its commercial business.

The firm is one of 11 equity research analysts that have recently weighed in on shares of AutoZone, Inc. (NYSE:AZO). On a consensus basis, the sell-side has a one year price target of $822.636 on the stock. The most aggressive analyst sees the stock reaching $915 while the most conservative has a $770 target price.

In terms of Buy,Sell or HOld recommendations, AutoZone, Inc. has an averate broker rating of 2.44. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $10.91 for the current quarter on or around 2016-05-24. Most recently the company posted an earnings surprise of 2.2% as the reported number of $7.43 was $0.16 away from consensus estimates.

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