Guggenheim analyst Ronald Jewsikow raised the firm’s price target on AutoNation (AN) to $230 from $215 and keeps a Buy rating on the shares. The firm is increasing estimates for its auto supplier and auto dealer coverage ahead of Q2 results from the group, telling investors in its preview that the impact of tariffs are having little impact on automotive demand, pricing or costs to date.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- AutoNation price target raised to $209 from $187 at Wells Fargo
- AutoNation price target raised to $255 from $225 at BofA
- Used Car Stocks CVNA, KMX and AN Positioned for Tariff Tailwinds
- AutoNation Completes $700 Million Securitization Transaction
- Carvana’s (CVNA) Remarkable U-Turn Tempered by Macro Headwinds