Morgan Stanley Upgrades Lithia Motors to Equal-Weight, Raises Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has upgraded Lithia Motors (NYSE:LAD) from Underweight to Equal-Weight and increased the price target from $225 to $310.
September 25, 2024 | 1:56 pm
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Morgan Stanley has upgraded Lithia Motors from Underweight to Equal-Weight and increased the price target to $310, indicating a more positive outlook on the stock.
The upgrade from Underweight to Equal-Weight by a major analyst like Morgan Stanley suggests increased confidence in Lithia Motors' performance. The raised price target to $310 indicates potential upside, likely leading to positive short-term stock movement.
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