JP Morgan Upgrades Asbury Automotive Gr to Overweight, Announces $245 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has upgraded Asbury Automotive Gr (NYSE:ABG) from Neutral to Overweight and set a price target of $245.

October 31, 2023 | 9:33 am
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Asbury Automotive Gr has been upgraded to Overweight from Neutral by JP Morgan, with a price target of $245.
The upgrade from JP Morgan is a positive signal for Asbury Automotive Gr. The new Overweight rating suggests that the analyst believes the company's stock will outperform the market in the near future. The price target of $245 indicates a significant upside potential from the current price. This could lead to increased investor interest and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100