Citi analyst Michael Ward lowered the firm’s price target on Lithia & Driveway to $326 from $366 and keeps a Buy rating on the shares. The firm reduced earrings estimates for the auto dealer group as part of a Q1 earnings preview by an average of 8% to reflect lower than expected industry volumes.
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Read More on LAD:
- Lithia & Driveway price target lowered to $370 from $380 at Barclays
- Lithia & Driveway price target lowered to $320 from $354 at Goldman Sachs
- Lithia & Driveway price target lowered to $400 from $500 at Evercore ISI
- Lithia & Driveway price target lowered to $366 from $399 at Citi
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