Wells Fargo Upgrades AutoNation Inc. (AN) to Market Perform; More Favorable View of Sector

April 17, 2012 8:19 AM EDT Send to a Friend
Get Alerts AN Hot Sheet
Price: $54.25 --0%

Rating Summary:
    5 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade AN Now!
Join SI Premium – FREE
Wells Fargo upgraded AutoNation Inc. (NYSE: AN) from Underperform to Market Perform with a price target range $31-33.

Wells analyst said, "We are tweaking estimates for our auto retail coverage to reflect a stronger-than-expected Q1 sales pace, and upgrading our rating on AutoNation given a generally more favorable view of the sector, built-in earnings upside potential related to recent share repurchase activity, and a more narrow valuation disparity between AN shares and the peer group...AutoNation's FY2012E goes from $2.18 to $2.30 and FY2013E goes from $2.44 to 2.68."

For an analyst ratings summary and ratings history on AutoNation Inc. click here. For more ratings news on AutoNation Inc. click here.

Shares of AutoNation Inc. closed at $33.20 yesterday.

You May Also Be Interested In

Related Categories

Analyst EPS Change, Analyst EPS View, Upgrades

Related Entities

Stock Buyback, Earnings, Wells Fargo


auto insurance
ellenwright on 2012-04-17 08:36:38
Mark as Spam | Reply to this comment

looking for secrets to reduce your auto insurance premiums check out a website called "Clearance Auto" they are good

Add Your Comment