Guggenheim lowered the firm’s price target on AutoNation (AN) to $189 from $190 and keeps a Buy rating on the shares. Following Q3 results, the firm is updating estimates for its auto supplier and auto dealer coverage universe, noting that it believes the setup is more favorable for dealers in the near term.
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Read More on AN:
- AutoNation price target lowered to $180 from $190 at JPMorgan
- AutoNation price target lowered to $169 from $181 at Wells Fargo
- Morning Movers: Capri sinks after judge blocks planned takeover by Tapestry
- AutoNation reports Q3 adjusted EPS $4.02, consensus $4.38
- Notable companies reporting before tomorrow’s open
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