Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Downgrades Lithia Motors

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.

blog comments powered by Disqus