B of A Securities Maintains Buy on AutoNation, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy maintains a Buy rating on AutoNation (NYSE:AN) but lowers the price target from $220 to $215.
April 10, 2024 | 12:01 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on AutoNation but lowers the price target from $220 to $215.
The adjustment in price target by B of A Securities reflects a slight modification in their valuation assessment of AutoNation. While the Buy rating is maintained, indicating continued confidence in the company's fundamentals, the reduction in price target suggests a minor recalibration of future price expectations. This could lead to a neutral short-term impact on the stock as the market digests the slightly lowered expectations against the backdrop of ongoing positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100