JP Morgan Maintains Underweight on Penske Automotive Group, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Underweight rating on Penske Automotive Group (NYSE:PAG) and has lowered the price target from $145 to $140.
October 31, 2023 | 8:32 pm
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JP Morgan has maintained an Underweight rating on Penske Automotive Group and lowered the price target from $145 to $140.
The lowered price target by JP Morgan indicates a bearish outlook for Penske Automotive Group. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100