Citigroup Maintains Neutral on Lithia Motors, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Lithia Motors (NYSE:LAD) but raises the price target from $280 to $320.
September 27, 2024 | 6:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup has maintained a Neutral rating on Lithia Motors but increased the price target from $280 to $320, indicating a positive outlook on the stock's potential.
The increase in the price target from $280 to $320 suggests that Citigroup sees potential upside in Lithia Motors' stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates a balanced view, suggesting that while there is potential for growth, there are also factors that may limit the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100