LAD - Lithia Motors target price revised upward to $300 by Craig-Hallum analyst

Craig-Hallum analyst Ryan Sigdahl raised the PT on Lithia Motors (LAD) to $300 from $260.The company has B+ Profitability Grade, dig deeper into the margins here.He maintains a Buy rating and has long been supporter of the company's strategy and the stock, and it remains one of his top long-term ideas.Sigdahl thinks its proposed capital raise will give the company additional dry powder to accelerate M&A and its omni-channel offerings.The price has scaled 72% over the last one year.Shares +8.2% on Oct 1.Find additional comments on the stock here.

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Lithia Motors target price revised upward to $300 by Craig-Hallum analyst