Market Overview

UPDATE: Stifel Nicolaus Raises PT to $50 on Lithia Motors on Execution

Related LAD
Updated Research Report on AutoNation - Analyst Blog
Titan Machinery (TITN) Soars: Stock Adds 14.8% in Session - Tale of the Tape

Stifel Nicolaus maintained Lithia Motors (NYSE: LAD) with a Buy rating and raised the price target from $40.00 to $50.00.

Stifel Nicolaus commented, "LAD execution remained on point in 4Q12, in our view. In general, we believe results held steady to prior trends, were consistent with reports from public peer groups, and leave LAD well positioned to continue growing and leveraging its scale/efficiencies in the year ahead. Service comp sales were perhaps the highlight of 4Q12, as it appears no other dealer had the same broad-based success across each discrete line of business. We were encouraged to hear management characterize the M&A environment as the "best since going public" and speak to near-term growth into the eastern U.S."

Lithia Motors closed at $41.16 on Wednesday.

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (LAD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free