JP Morgan Maintains Overweight on Lithia Motors, Raises Price Target to $375
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Lithia Motors and raises the price target from $315 to $375.
September 10, 2024 | 2:53 pm
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JP Morgan analyst Rajat Gupta has maintained an Overweight rating on Lithia Motors and increased the price target from $315 to $375, indicating a positive outlook for the company's stock.
The increase in the price target from $315 to $375 by JP Morgan suggests a strong positive outlook for Lithia Motors. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive impact on the stock price in the short term as investors may view this as a signal to buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100