|
|
Get Four
|  | FEBRUARY 22, 2005
 WORD ON THE STREET Morgan Stanley Downgrades Lithia Motors Analyst Stephen Girsky believes the automotive franchiser's high Chrysler exposure won't aid sales meaningfully Morgan Stanley downgrades Lithia Motors (LAD ) to equal-weight from overweight. Analyst Stephen Girsky says he is downgrading Lithia as he is less convinced that high Chrysler exposure will aid sales meaningfully. He notes his valuation has increased significantly in the past five months and risk/reward looks less favorable. Aside from these points, he says Lithia posted solid fourth-quarter results and he continues to like the business model for its low fixed costs and diversification. Girsky sees $2.17 2005 earnings per share and does not have target.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
BW MALL
SPONSORED LINKS
Buy
Get BusinessWeek directly on your desktop with our RSS feeds. | | |
 Copyright 2005, by The McGraw-Hill Companies Inc. All rights reserved.Terms of Use | Privacy Notice |
Printer-Friendly Version
