Citigroup Maintains Neutral on Lithia Motors, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey has maintained a Neutral rating on Lithia Motors (LAD) but lowered the price target from $320 to $280.
April 25, 2024 | 10:50 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Lithia Motors and reduces the price target from $320 to $280.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Lithia Motors' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100