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LAD

Lithia Motors

$96.98

0.42 (0.43%)

06:54
06/16/17
06/16
06:54
06/16/17
06:54

Lithia Motors downgraded to Underperform from Neutral at BofA/Merrill

BofA/Merrill analyst John Murphy downgraded Lithia Motors to Underperform from Neutral and cut its price target to $92 from $106. The analyst lowered US sales and North American production forecasts saying year-to-date sales tracking down 2%, following a likely peak in 2016, and there is a "looming tsunami" of off-lease volumes that will hit the industry in 2018, further pressuring vehicle pricing. As a result, Murphy expects a quick and material downturn in the US auto cycle and lowered estimates across the industry. For Lithia Motors, the analyst said benefits from diversification efforts and leverage is reflected in valuation.

  • 20

    Jun

  • 20

    Jun

LAD Lithia Motors
$96.98

0.42 (0.43%)

02/02/17
02/02/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kite Pharma (KITE) and Juno Therapeutics (JUNO) were initiated with a Neutral at Wedbush. 2. Penske Automotive (PAG) was initiated with a Positive at Susquehanna, while Lithia Motors (LAD) and Group 1 Automotive (GPI) were initiated with a Neutral. 3. Nevsun Resources (NSU) initiated with a Market Perform at BMO Capital. 4. Corcept Therapeutics (CORT) initiated with a Buy at Ladenburg. 5. Iteris (ITI) initiated with a Buy at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/17
03/20/17
NO CHANGE

Susquehanna cautious on auto dealers due to falling profits
Susquehanna analyst Ali Faghri said he was cautious on the auto dealers citing weak Q4 financial results as gross profits deteriorated, inventory levels have become elevated, and used car price declines are accelerating. Faghri favors Penske Automotive (PAG) and KarMax (KMX) due to their diverse business model but he sees a downside bias to Autonation (AN), Lithia Motors (LAD), and Group 1 Automotive. (GPI).
04/18/17
KEYB
04/18/17
NO CHANGE
KEYB
Lithia Motors Q1 EPS should beat expectations, says KeyBanc
KeyBanc expects Lithia's Q1 EPS to come in about 5% above expectations, driven by strength in its used vehicle volumes and its parts and service business. The firm keeps an Overweight rating on the stock.
06/14/17
GHSC
06/14/17
INITIATION
GHSC
Neutral
Lithia Motors initiated with a Neutral at Seaport Global
Seaport Global analyst Michael Ward initiated Lithia Motors with a Neutral citing market concerns about the direction of US light vehicle sales and industry pricing.

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WLKP

Westlake Chemical Partners

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LNDC

Landec

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MU

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MU

Micron

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AMSC

AMSC

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MU

Micron

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  • 26

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GFF

Griffon

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EMR

Emerson

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  • 02

    Oct

AVGR

Avinger

$0.21

-0.0211 (-9.13%)

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BLBD

Blue Bird

$18.85

0.2 (1.07%)

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  • 16

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AMGN

Amgen

$185.60

-0.69 (-0.37%)

, SCR

Simcere

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Amgen and Simcere execute agreement to co-develop four biosimilars in China »

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AMGN

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SCR

Simcere

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  • 08

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ITCI

Intra-Cellular

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Syndicate
Intra-Cellular files to sell $150M in common stock »

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  • 26

    Sep

MU

Micron

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Earnings
Micron reports Q4 EPS $2.02 , consensus $1.84 »

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  • 26

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SIEGY

Siemens

$68.96

-0.81 (-1.16%)

, ALSMY

Alstom

$3.91

-0.045 (-1.14%)

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Siemens, Alstom confirm agreement to combine mobility businesses »

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$68.96

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ALSMY

Alstom

$3.91

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GE

General Electric

$24.97

-0.145 (-0.58%)

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  • 02

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HII

Huntington Ingalls

$222.73

2.25 (1.02%)

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JD

JD.com

$40.93

-1.44 (-3.40%)

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Options
JD options volume is 2.5X daily average and calls outpace puts 4:1 »

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NVDA

Nvidia

$171.00

-8 (-4.47%)

, INTC

Intel

$37.16

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INTC

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TSLA

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AMZN

Amazon.com

$939.79

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, TWLO

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TWLO

Twilio

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  • 03

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LNDC

Landec

$11.95

-0.3 (-2.45%)

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Options
Landec options imply 12.6% move in share price post-earnings, above median historical move »

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  • 27

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T

AT&T

$38.80

-0.32 (-0.82%)

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Periodicals
AT&T's DirecTV to allow 'some' refunds after anthem strife, WSJ says »

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  • 24

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AMJ

American Medical Laboratories Inc

$28.50

0.01 (0.04%)

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ABBV

AbbVie

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-1.105 (-1.28%)

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STZ

Constellation Brands, also tag STZ.B

$200.37

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Options
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  • 05

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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15:15
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General news
Treasury Closing Summary: »

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