Morgan Stanley raised the firm’s price target on Lithia & Driveway to $230 from $220 and keeps an Underweight rating on the shares as part of a broader research note on Autos. Q4 auto dealer results suggest that the new vehicle market continues to demonstrate resilience, with new car prices holding up higher for longer, the analyst tells investors in a research note. The firm also notes “slower EV adpotion and stronger Japanese share”.
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- Lithia & Driveway price target lowered to $285 from $290 at JPMorgan
- Lithia & Driveway price target raised to $334 from $300 at Goldman Sachs
