DA Davidson lowered the firm's price target on AutoZone to $3,750 from $4,300 and keeps a Buy rating on the shares. The firm notes that the company is among the names selling off this earnings season despite solid results in part due to concerns that the ending of the tax rebate stimulus, as well as rising consumer headwinds, will lead to less strong results through the year, the analyst tells investors in a research note. AutoZone's quarter was also below heightened expectations due to competitor beats, the firm added.
