Citi raised the firm’s price target on AutoNation (AN) to $265 from $242 and keeps a Buy rating on the shares as part of a Q3 earnings preview for the auto dealer group. The firm sees the group continuing to perform well amid higher gross margins, cost reductions, and ongoing industry consolidation.
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Read More on AN:
- AutoNation acquires two Audi and Mercedes-Benz Stores in Chicago
- AutoNation price target lowered to $250 from $255 at BofA
- AutoNation price target raised to $220 from $195 at Morgan Stanley
- AutoNation price target lowered to $228 from $230 at Guggenheim
- AutoNation price target raised to $200 from $185 at JPMorgan