Guggenheim analyst Ronald Jewsikow lowered the firm’s price target on Lithia & Driveway to $356 from $417 and keeps a Buy rating on the shares. Ahead of Q1 results, the firm is updating estimates for its auto supplier and auto dealer coverage and “dramatically lowering estimates,” consistent with its prior work on tariffs, the analyst tells investors in a preview for the group.
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:
- Lithia Motors: Positioned for Growth with Strong Sales, Cost Savings, and Profitable Finance Segment
- Lithia & Driveway price target lowered to $308 from $397 at Wells Fargo
- Lithia Motors (LAD) Q1 Earnings Cheat Sheet
- Lithia Motors COO Adam Chamberlain to Resign
- Lithia & Driveway announces departure of COO Adam Chamberlain
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue