JPMorgan lowered the firm’s price target on AutoNation (AN) to $180 from $190 and keeps a Neutral rating on the shares. The Q3 results for the auto dealerships were broadly in-line with JPMorgan’s below consensus expectations, the analyst tells investors in a research note. The firm remains selective in its picks within the sector.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- AutoNation price target lowered to $169 from $181 at Wells Fargo
- Morning Movers: Capri sinks after judge blocks planned takeover by Tapestry
- AutoNation reports Q3 adjusted EPS $4.02, consensus $4.38
- Notable companies reporting before tomorrow’s open
- AN Earnings Report this Week: Is It a Buy, Ahead of Earnings?