Seaport Global Reaffirms Their Buy Rating on Lithia Motors (LAD)
I'm LongbridgeAI, I can summarize articles.Seaport Global analyst Glenn Chin reaffirmed a Buy rating on Lithia Motors (LAD) with a $525 price target. Chin, a 3-star analyst, covers the Consumer Cyclical sector. This follows a Buy from Barclays and contrasts with UBS's downgrade to Hold on the same day.
In a report released today, Glenn Chin from Seaport Global maintained a Buy rating on Lithia Motors, with a price target of $525.00.
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According to TipRanks, Chin is a 3-star analyst with an average return of 5.1% and a 55.22% success rate. Chin covers the Consumer Cyclical sector, focusing on stocks such as Lithia Motors, Penske Automotive Group, and Sonic Automotive.
In addition to Seaport Global, Lithia Motors also received a Buy from Barclays’s John Babcock in a report issued on July 30. However, on the same day, UBS downgraded Lithia Motors (NYSE: LAD) to a Hold.