Fly News Breaks for February 24, 2020
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.
News For LAD From the Last 2 Days
Feb 24, 2021 | 06:27 EST
Citi analyst Nicholas Jones raised the firm's price target on Lithia Motors to $385 from $320 and keeps a Neutral rating on the shares post the company's Q4 results. The analyst's estimates move higher to reflect ongoing execution of the company's five-year plan, but he continues to see limited room for multiple expansion from here.