Wells Fargo Maintains Equal-Weight on Lithia Motors, Lowers Price Target to $299
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Equal-Weight rating on Lithia Motors (NYSE:LAD) but has slightly lowered the price target from $302 to $299.
October 15, 2024 | 1:48 pm
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Wells Fargo has maintained an Equal-Weight rating on Lithia Motors but slightly reduced the price target from $302 to $299, indicating a neutral stance with a minor adjustment.
The analyst's decision to maintain an Equal-Weight rating suggests a neutral outlook on Lithia Motors. The slight reduction in the price target from $302 to $299 indicates a minor adjustment in expectations, which is unlikely to significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100