UPDATE: Morgan Stanley Downgrades AutoZone to Underweight on Payroll Tax Expiration
Morgan Stanley downgraded AutoZone (NYSE: AZO ) from Equal-weight to Underweight and announced a $340 price target. Morgan Stanley noted, "AZO generates 85% of its auto parts revenue from DIY, a segment we believe is most at risk to payroll tax expiration given its skew towards low income consumers.
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here