B of A Securities Maintains Buy on Lithia Motors, Lowers Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has maintained a Buy rating on Lithia Motors (NYSE:LAD) but has lowered the price target from $440 to $380.
February 29, 2024 | 3:08 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Lithia Motors but lowers the price target from $440 to $380.
While the maintenance of a Buy rating suggests continued confidence in Lithia Motors' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term price volatility as investors reassess their expectations based on the new target price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100