JPMorgan raised the firm’s price target on Lithia & Driveway to $405 from $375 and keeps an Overweight 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.
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Read More on LAD:
- Lithia & Driveway price target raised to $380 from $350 at Guggenheim
- Lithia & Driveway price target raised to $405 from $360 at Stephens
- Lithia & Driveway price target raised to $343 from $299 at Wells Fargo
- Lithia & Driveway rises 11.8%
- Lithia & Driveway reports Q3 adjusted EPS $8.21, consensus $7.59