BancBoston Robertson Stephens Reiterates Buy on Lithia Motors Inc.
2 February 1999
BancBoston Robertson Stephens Reiterates Buy on Lithia Motors Inc.
SAN FRANCISCO, Feb. 1 -- The following is being issued by
BancBoston Robertson Stephens, a member of the National Association of
Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens senior automobile services/financial
services analyst Jordan Hymowitz today maintained his Buy rating on Lithia
Motors Inc. . Lithia Motors, headquartered in Medford, Oregon, is
the nation's nineteenth largest auto retailer.
"We are reiterating our Buy on Lithia Motors with a $23 12-month price
target," said Hymowitz. "By targeting smaller markets in the West, the
company has been able to pay the least of any auto consolidator for
acquisitions. It also has improved operating performance the most and
realized the highest return on investment."
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