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Fly News Breaks for February 19, 2019
LAD
Feb 19, 2019 | 06:26 EDT
JPMorgan analyst Rajat Gupta started Lithia Motors with an Overweight rating and $112 price target. The analyst initiated coverage on the U.S. Auto Dealership sector with a balanced view on the industry but a more constructive view on the stocks. His top pick is Lithia Motors on confidence in management's ability to deliver against "substantial" targeted EBITDA improvements. Gupta highlights the company's "strong" execution and "relatively greater balance sheet optionality."
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