JPMorgan lowered the firm’s price target on Lithia & Driveway to $270 from $285 and keeps a Neutral rating on the shares. The Q1 earnings reports from franchise dealers showed divergent results, the analyst tells investors in a research note. The firm says the sector continues to navigate margin compression and increasing balance sheet leverage.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAD: