AutoNation Upgraded to Outperform
August 24, 2010 at 14:03 PM EDT
We have upgraded our long-term recommendation (6+ months) on the shares of AutoNation Inc. (AN) from Neutral to Outperform. This is based on its improved results and recent acquisitions. In the second quarter of 2010, AutoNation posted a 36% increase in profits (adjusted) to $62 million or 38 cents per share from $50 million or 28 [...]