JP Morgan Downgrades Lithia Motors to Neutral, Announces $295 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has downgraded Lithia Motors (NYSE:LAD) from Overweight to Neutral and set a price target of $295.
October 31, 2023 | 10:15 am
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Lithia Motors has been downgraded by JP Morgan from Overweight to Neutral, with a price target of $295.
The downgrade from JP Morgan could potentially lead to a decrease in the stock price of Lithia Motors in the short term. The new price target set by the analyst suggests a potential downside, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100