JP Morgan Maintains Neutral on Lithia Motors, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains a Neutral rating on Lithia Motors (LAD) and lowers the price target from $285 to $270.

May 02, 2024 | 4:36 pm
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NEUTRAL IMPACT
JP Morgan analyst Rajat Gupta maintains a Neutral rating on Lithia Motors and lowers the price target from $285 to $270.
The adjustment in price target by a major analyst like Rajat Gupta from JP Morgan could influence investor sentiment towards Lithia Motors. However, the maintenance of a Neutral rating suggests that the change might not have a significant impact on the stock's short-term movement, as it indicates no change in the overall outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100