B of A Securities Maintains Buy on AutoNation, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy maintains a Buy rating on AutoNation (NYSE:AN) but lowers the price target from $220 to $215.
October 14, 2024 | 5:29 pm
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NEUTRAL IMPACT
B of A Securities has maintained its Buy rating on AutoNation but has slightly reduced the price target from $220 to $215, indicating a minor adjustment in expected valuation.
The maintenance of a Buy rating suggests continued confidence in AutoNation's performance, but the slight reduction in the price target indicates a minor reassessment of its valuation. This could lead to a neutral short-term impact on the stock price as the overall positive sentiment is tempered by the lower target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100