Goldman Issues Grim Outlook For AutoZone Citing "Significant Exposure" To Struggling Working-Poor Consumers
Goldman Issues Grim Outlook For AutoZone Citing “Significant Exposure” To Struggling Working-Poor Consumers Continuing the theme of low-income consumers being financially under pressure, Goldman analysts told clients this AM that their decision to downgrade auto parts retailer AutoZone from “Buy” to “Sell” was primarily based on the challenging macroeconomic environment for consumers. Goldman’s Kate McShane led a team of analysts […]
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