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Stephens warns on Amazon impact for Monro Muffler Brake

Published 06/27/2017, 10:53 AM
© Reuters.  Stephens warns on Amazon impact for Monro Muffler Brake
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  • Monro Muffler Brake (NASDAQ:MNRO) is down 2.48% after Stephens warns that Amazon (NASDAQ:AMZN) is increasing its focus in the tire category.
  • Tires accounted for 49% of Monro Muffler's revenue last year, notes the firm.
  • For now, Stephens is sticking with an Overweight rating and $69 price target on Monro, but is going to run the numbers on a potential AMZN impact in the near future.
  • Source: Bloomberg
  • Now read: To DRIP Or Not To DRIP? That Is The Question


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