Wells Fargo analyst Colin Langan raised the firm’s price target on Lithia & Driveway to $318 from $219 and keeps an Equal Weight rating on the shares. The firm is slightly below consensus on Lithia & Driveway Q2 EPS. Wells expects new and used pricing to result in lower Q2 gross margins.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LAD:
- Lithia & Driveway price target raised to $430 from $350 at BofA
- Lithia & Driveway participates in a conference call with Craig-Hallum
- LITHIA & DRIVEWAY (LAD) EXPANDS U.S. FOOTPRINT IN ATLANTA MARKET
- Lithia & Driveway acquiures Wade Ford in Smyrna, Georgia
- Lithia & Driveway management to meet with Stephens