AutoNation loses bull rating at Wells Fargo due to macro headwinds

Jan. 13, 2023 7:40 AM ETAutoNation, Inc. (AN)By: Clark Schultz, SA News Editor

AutoNation Reports Quarterly Earnings

Mario Tama

Wells Fargo downgraded AutoNation (NYSE:AN) to an Equal Weight rating from Overweight on Friday on its view that consensus estimates are too high on the auto retailer considering all the macroeconomic headwinds.

Analyst Colin Langan and team

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