Wells Fargo analyst Colin Langan lowered the firm’s price target on Lithia & Driveway to $308 from $397 and keeps an Equal Weight rating on the shares. The firm is updating its EPS estimates for the updated industry data and its revised U.S. sales outlook. Q1 looks solid given higher volumes as well as stable pricing and GPUs. Wells is also framing the tariff downside risk for the dealers.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAD:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue