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Fly News Breaks for February 24, 2020
LAD
Feb 24, 2020 | 07:49 EDT
Buckingham analyst Glenn Chin upgraded Lithia Motors to Buy from Neutral with a price target of $155, up from $144. In a research note to investors, Chin says he believes shares are again compelling with expectations now significantly reset. While he understands that expectations may have been unrealistically high heading into the Q4 print, Chin says fundamental performance has been solid and believes that the sentiment pendulum has swung too far in the unfavorable direction.
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