Evercore ISI Cuts Price Targets for QuantumScape and Auto Dealers
Evercore ISI lowered price targets for QuantumScape, Lithia Motors and AutoNation while leaving its existing ratings on all three stocks unchanged.
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what happened
On October 12, 2026, Evercore ISI Group reduced its price target for QuantumScape from $10.00 to $7.00 per share. The firm maintained its In-Line rating on the stock. Benzinga reported the rating action at 16:21 GMT.
The price target for Lithia Motors was cut from $470.00 to $440.00 per share, while AutoNation’s target fell from $300.00 to $250.00. Evercore ISI Group kept its Outperform ratings on both companies unchanged. Benzinga reported those actions at 16:18 and 16:14 GMT, respectively.
why it matters
All three actions involved lower price targets rather than rating changes: QuantumScape remained In-Line, while Lithia Motors and AutoNation stayed at Outperform. The distinction separates revised valuation levels from the analysts’ existing stock views.
instruments
sources
- QuantumScape Price Target Cut to $7.00/Share From $10.00 by Evercore ISI Group — Newsmetry API, 12 October 2026 at 16:21 UTC
- Lithia Motors Price Target Cut to $440.00/Share From $470.00 by Evercore ISI Group — Newsmetry API, 12 October 2026 at 16:18 UTC
- AutoNation Price Target Cut to $250.00/Share From $300.00 by Evercore ISI Group — Newsmetry API, 12 October 2026 at 16:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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