Sterne Agee Initiates AutoZone At Underperform

Analysts at Sterne Agee initiated coverage on shares of AutoZone

with a Underperform rating. The target price for AutoZone is set to $550. AutoZone shares have jumped 23.63% over the past 52 weeks, while the S&P 500 index has gained 13.41% in the same period. AutoZone's shares rose 0.86% to close at $573.72 yesterday.