JP Morgan Maintains Underweight on Penske Automotive Group, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Underweight rating on Penske Automotive Group (NYSE:PAG) and raises the price target from $140 to $145.
October 12, 2023 | 3:21 pm
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NEGATIVE IMPACT
JP Morgan maintains an Underweight rating on Penske Automotive Group and raises the price target from $140 to $145. This could potentially impact the stock negatively in the short term.
The Underweight rating maintained by JP Morgan indicates that the firm believes PAG's stock will underperform compared to other stocks. However, the raised price target from $140 to $145 suggests that JP Morgan sees some upside potential. This mixed signal could lead to uncertainty among investors, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100