B of A Securities Maintains Buy on Lithia Motors, Raises Price Target to $385
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has maintained a Buy rating on Lithia Motors (NYSE:LAD) and increased the price target from $380 to $385.
April 10, 2024 | 12:02 pm
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POSITIVE IMPACT
B of A Securities has reaffirmed its Buy rating on Lithia Motors and raised the price target from $380 to $385.
The reaffirmation of a Buy rating combined with an increased price target typically signals a positive outlook on the stock from the analyst's perspective. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100