Lithia Motors' short interest dropped 6.3% to 2.54M shares in June, while JPMorgan upgraded its rating to "overweight" and raised the price target to $280.
Lithia Motors (LAD) experienced a 6.3% decrease in short interest to 2.54M shares in June; the short-interest ratio is 9.1 days based on average daily trading volume. JPMorgan upgraded LAD to "overweight" and lifted the price target to $280, while Citigroup set a "neutral" rating and reduced the target price to $280. Craig Hallum maintained a "buy" rating but lowered the target price to $310.
July 18, 2024
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