Morgan Stanley Maintains Underweight on Asbury Automotive Gr, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an 'Underweight' rating on Asbury Automotive Gr (NYSE:ABG) and raised the price target from $128 to $165.
August 09, 2023 | 12:33 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Asbury Automotive Gr (ABG) and raised the price target from $128 to $165.
The news is directly related to Asbury Automotive Gr (ABG). Morgan Stanley's decision to maintain an 'Underweight' rating indicates a bearish outlook, however, the increase in price target from $128 to $165 suggests a potential upside. This mixed signal could lead to uncertainty in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100