AutoNation Continues Aggressive Approach to Streamline Business and Reduce Costs

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Go back to AutoNation Continues Aggressive Approach to Streamline Business and Reduce Costs

Guggenheim Has Increased Confidence AutoNation (AN) Can Post $7+ in 2021 EPS After Exiting Collision Parts Business, PT Raised to $73

August 20, 2020 8:57 AM UTC

Guggenheim analyst Ali Faghri raised the price target on AutoNation Inc. (NYSE: AN) to $73.00 (from $69.00) while maintaining a Buy rating, saying they are positive on news the company will exit its aftermarket collision parts business.

Faghri said the exit will help the company focus... More