Morgan Stanley Keeps a Buy Rating on Lithia Motors (LAD)
In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on Lithia Motors (LAD), with a price target of $108. The company’s shares closed yesterday at $83.65.
According to TipRanks.com, Sinkevicius is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Visteon Corp, and BorgWarner.
Currently, the analyst consensus on Lithia Motors is a Strong Buy with an average price target of $106.50.
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The company has a one-year high of $127.99 and a one-year low of $72.85. Currently, Lithia Motors has an average volume of 377.4K.
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Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import, and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford.