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AutoNation, Inc. (AN)
by Zacks Equity ResearchAugust 28, 2012 | Comments : 0 Recommended this article: ()
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The company's effort to expand its dealer network by investing in existing stores and service centers will help it outgrow peers. Further, recovery in auto sales and introduction of new products will boost the company's earnings.
As such, we have upgraded our recommendation to Outperform from Neutral and set a target price of $48.00. This is 19.4X our 2012 EPS estimate.