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Bank of America Corp downgraded AutoZone, Inc. (NYSE:AZO) to Neutral in a report released today.

Yesterday AutoZone, Inc. (NYSE:AZO) traded 1.60% higher at $507.48. The company’s 50-day moving average is $528.38 and its 200-day moving average is $650.21. The last stock close price is down -17.88% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 373,200 shares of the stock were exchanged, down from an average trading volume of 596,614

Bank of America Corp has downgraded AutoZone, Inc. (NYSE:AZO) to Neutral in a report released on Friday July 07, 2017.

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AutoZone, Inc. (NYSE:AZO)

AutoZone, Inc. has a 52 week low of $491.13 and a 52 week high of $813.70 with a P/E ratio of 12.33 The company’s market cap is currently $0.

In addition to Bank of America Corp reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is $854.42 with 8 firms rating the stock a strong buy, 4 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About AutoZone, Inc. (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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