Raymond James has revised its price target for AutoZone (NYSE: AZO) stock to $4,000, down from $4,600, while retaining a Strong Buy rating. This change follows AutoZone's fiscal third-quarter earnings report, where the company exceeded earnings expectations with an EPS of $38.07, surpassing the forecast of $36.18. However, the company's domestic comparable sales fell short of analyst expectations, contributing to investor concerns about its growth trajectory. Revenue for the quarter was reported at $4.84 billion, slightly below the anticipated $4.86 billion. The stock has been under pressure, trading at $3,100, close to its 52-week low of $3,001. Despite these challenges, Raymond James noted several positive trends, including strong commercial growth and improved expense management. The firm also raised its estimates for fiscal year 2027, highlighting AutoZone's long-term growth strategies, including market share gains and international expansion. Overall, analysts remain optimistic about AutoZone's future, maintaining a consensus rating in Strong Buy territory.