JPMorgan upgraded AutoNation to Neutral from Underweight with a price target of $145, down from $150. The shares have de-rated recently, underperforming the peer and group as well as the broader auto retail ecosystem, the analyst tells investors in a research note. The firm views AutoNation’s current valuation as appropriately reflecting its balanced risks relative to peers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AN: