Guggenheim raised the firm’s price target on Lithia & Driveway to $418 from $380 and keeps a Buy rating on the shares. Following Q3 results, the firm is updating estimates for its auto supplier and auto dealer coverage universe, noting that it believes the setup is more favorable for dealers in the near term.
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- Lithia & Driveway price target raised to $405 from $375 at JPMorgan
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