Will This Price Target Decrease Hurt AutoZone (AZO) Stock Today?

NEW YORK (TheStreet) -- J.P. Morgan  (JPM) decreased its price target on AutoZone  (AZO) to $562, trimmed its estimates through 2016 and set a "neutral" rating.

The firm said comparable-store sales growth has moderated.

The stock closed at $505.38 on Monday.

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Separately, TheStreet Ratings team rates AUTOZONE INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate AUTOZONE INC (AZO) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: AZO Ratings Report

AZO Chart AZO data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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