AutoNation price target lowered to $183 from $212 at Guggenheim

Guggenheim lowered the firm’s price target on AutoNation (AN) to $183 from $212 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.