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AutoZone (NYSE:AZO) has been downgraded from Buy to Neutral in a statement by BofA Merrill earlier today.

BofA Merrill has downgraded AutoZone (NYSE:AZO) from Buy to Neutral in a statement released on Friday July 07, 2017.

On 7/06/2017, RBC Capital Markets released a statement for AutoZone (NYSE:AZO) bumped down the target price from $653.00 to $577.00 that suggested an upside of 0.13%.

Boasting a price of $507.48, AutoZone (NYSE:AZO) traded 1.60% higher on the day. With the last stock price close down -17.88% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. AutoZone has recorded a 50-day average of $528.38 and a two hundred day average of $650.21. Volume of trade was down over the average, with 373,200 shares of AZO changing hands under the typical 596,614

Performance Chart

AutoZone (NYSE:AZO)

With a total market value of $0, AutoZone has price-earnings ratio of 12.33 with a one year low of $491.13 and a one year high of $813.70 .

A total of 19 equity analysts have released a ratings update on AZO. Eight equity analysts rating the company a strong buy, four equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $854.42.

Brief Synopsis About AutoZone (NYSE:AZO)

Autozone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com.

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