FMP
AutoZone Reaffirmed With Buy Rating at TD Cowen
Jun 6, 2024 5:11 PM - Davit Kirakosyan
Image credit: FMP
TD Cowen analysts reaffirmed a Buy rating on AutoZone (NYSE:AZO), maintaining a price target of $3,450.
The analysts highlighted three key points following a meeting with AutoZone's CFO. First, they noted that the immediate market conditions remain tough for both the DIY (Do It Yourself) and DIFM (Do It For Me) segments, although the fundamental long-term drivers in the industry are still robust. Second, the analysts expressed optimism that investments in the DIFM channel are expected to spur growth over time. Third, while there may be pressure on gross margins in fiscal year 2025, the longer-term outlook suggests margins should be stable or slightly positive.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
