AZO Maintained by Citigroup -- Price Target Lowered to $3450

gurufocus.com · 2026-09-14

On October 06, 2023, Citigroup maintained a 'Buy' rating for AutoZone (AZO) while lowering its price target from $3700.00 to $3450.00. This represents a decreas

TickrTrends take: AutoZone operates in the Consumer Cyclical sector where valuation multiples can shift significantly based on economic outlook and consumer spending patterns. Citigroup's maintained rating alongside a lowered price target to 3450 suggests the analyst sees near-term headwinds while maintaining conviction in the business fundamentals, which aligns with TickrTrends' current Undervalued assessment. For valuation-focused readers, the gap between current pricing and analyst targets warrants monitoring alongside macroeconomic indicators that typically influence aftermarket automotive spending.

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