Truist Securities Maintains Buy on AutoZone, Lowers Price Target to $3648
Truist Securities analyst Scot Ciccarelli maintains AutoZone (NYSE:AZO) with a Buy and lowers the price target from $3817 to $3648.
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Analysts raised targets for Meta, Microsoft, Valero and others; Microsoft upgraded to Buy, while KB Home and RTX targets fell.
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Truist Securities analyst Scot Ciccarelli maintains AutoZone (NYSE:AZO) with a Buy and lowers the price target from $3817 to $3648.
Several companies reported earnings results with mixed outcomes. AutoZone beat earnings expectations and gained 3.3%, while THOR Industries surpassed revenue estimates with a 5.6% jump. MillerKnoll missed revenue targets and declined slightly. Vicor Corporation surged 19.9% after raising its third-quarter revenue growth outlook to over 20%.
TD Cowen analyst Max Rakhlenko maintains AutoZone (NYSE:AZO) with a Buy and lowers the price target from $3500 to $3400.
Truist Securities analyst Jonathan Bettenhausen maintains KB Home (NYSE:KBH) with a Hold and lowers the price target from $55 to $50.
30-year mortgage rates hit 7.12%, the highest since 2024. KB Home, Rocket and the ITB homebuilder ETF slip, giving back part of Tuesday's rally.