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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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