03:00 PM EDT, 05/26/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month price target to $3,200 from $3,800, based on a FY 27 (Aug.) P/E of 18.1x, in line with AZO's 10-year average forward P/E multiple. We raise our EPS estimates to $151.00 from $149.40 for FY 26 and to $177.20 from $176.60 for FY 27. Following AZO's earnings release, we raise our estimates but maintain a Hold opinion on the shares. While AZO's bottom-line results were ahead of consensus, shares sold off sharply on concerns related to slowing same-store sales growth and the ongoing negative impact of LIFO charges on margins. In our view, AZO's valuation continues to screen as fair and the stock's risk/reward appears balanced, limiting upside potential over the next 12 months. However, AZO's combination of new store openings (now expected at 355-365 new stores in FY 26, up from 304 in FY 25), share count-reducing buybacks, international/commercial growth potential, and secular tailwinds of the auto aftermarket should continue to drive growth longer term.