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Fly News Breaks for April 26, 2016
LAD
Apr 26, 2016 | 08:29 EDT
Morgan Stanley analyst Paresh Jain said Lithia Motors' share weakness following the Q1 beat and unchanged guidance is an overreaction. The analyst believes management is being conservative with unchanged guidance and valuation looks attractive given this best in class leverage and capital allocation strategy. Jain rates Lithia an Overweight with a $124 price target.
News For LAD From the Last 2 Days
LAD
Apr 17, 2024 | 06:44 EDT
Guggenheim analyst Ronald Jewsikow lowered the firm's price target on Lithia & Driveway to $297 from $320 and keeps a Buy rating on the shares. The firm updated estimates for its auto supplier and auto dealer coverage ahead of Q1 results from the group.
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