Wells Fargo Maintains Equal-Weight on Lithia Motors, Lowers Price Target to $248
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Equal-Weight rating on Lithia Motors (LAD) and reduced the price target from $290 to $248.
April 25, 2024 | 2:12 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Equal-Weight rating on Lithia Motors and lowers the price target from $290 to $248.
The reduction in price target by Wells Fargo suggests a bearish outlook on Lithia Motors' stock in the short term. This adjustment reflects the analyst's view on the company's future performance, potentially influencing investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100