AutoNation price target raised to $195 from $192 at Stephens

Stephens raised the firm’s price target on AutoNation (AN) to $195 from $192 and keeps an Equal Weight rating on the shares. During client calls related to its public six auto dealer preview note, the firm discovered that its AutoNation model was not appropriately accounting for CDK issues that will be lapped in Q2, notes the analyst, who has adjusted the firm’s model to reflect the appropriate changes.