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Bank of America Securities upgraded AutoZone's stock to "buy," citing expected growth in vehicle repairs.
Bank of America Securities upgraded AutoZone's stock from "neutral" to "buy," setting a new price target of $4,800.
The upgrade is based on expectations that consumers will repair their vehicles more often due to tariffs, benefiting AutoZone's market share in both DIY and professional segments.
This move forecasts increased resilience in economic downturns and higher repair activity.
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Bank of America Securities mejoró las acciones de AutoZone a "comprar", citando el crecimiento esperado en las reparaciones de vehículos.