Citi analyst Ronald Josey raised the firm’s price target on Lithia & Driveway to $340 from $245 and keeps a Neutral rating on the shares. The company’s Q2 results largely exceeded expectations, the analyst tells investors in a research note. The firm cites Lithia’s improving execution and profitability for the target raise but stays Neutral pending the normalization of supply.
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Read More on LAD:
- Lithia & Driveway price target raised to $348 from $305 at Goldman Sachs
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