Morgan Stanley Maintains Underweight on Group 1 Automotive, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas maintains an Underweight rating on Group 1 Automotive (NYSE:GPI) and raises the price target from $134 to $200.
August 09, 2023 | 1:26 pm
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Morgan Stanley maintains an Underweight rating on Group 1 Automotive and raises the price target from $134 to $200.
The news is directly related to Group 1 Automotive (GPI). Morgan Stanley's decision to maintain an Underweight rating indicates a bearish outlook, but the raised price target from $134 to $200 suggests a potential upside. This mixed signal could lead to uncertainty in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100