Evercore ISI Group Initiates Coverage On Lithia Motors with Outperform Rating, Announces Price Target of $400
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Douglas Dutton has initiated coverage on Lithia Motors (NYSE:LAD) with an Outperform rating and set a price target of $400 for the company's stock.

January 17, 2024 | 3:03 pm
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Evercore ISI Group has initiated coverage on Lithia Motors with an Outperform rating and a price target of $400, indicating a positive outlook for the stock.
Analyst ratings, especially from reputable firms like Evercore ISI Group, can influence investor sentiment and stock prices. An Outperform rating suggests that the analyst believes Lithia Motors will perform better than the market or its sector, which could lead to increased investor interest and a potential rise in the stock price in the short term. The announcement of a $400 price target further underscores the analyst's positive view and could act as a catalyst for the stock.
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