JPMorgan analyst Rajat Gupta raised the firm’s price target on Lithia & Driveway to $355 from $350 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the franchise auto dealers and marketplaces group as part of a Q4 earnings preview. The group’s setup is “neutral to modestly attractive” in the near-term on “resilient” consumer demand and a “reasonable” 2026 earnings bar, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAD:
- Lithia & Driveway price target raised to $358 from $327 at Wells Fargo
- Lithia & Driveway assumed with an Equal Weight at Morgan Stanley
- 3 Low P/E Stocks with Over 20% Upside and Solid Dividends – MTDR, COPA, and LAD
- Lithia & Driveway price target raised to $500 from $440 at Evercore ISI
- ‘The Real Deal’: Barclays Says These 3 Auto Dealer Stocks Look Attractive Right Now