Craig-Hallum Downgrades Asbury Automotive Gr to Hold, Announces $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl downgrades Asbury Automotive Gr (NYSE:ABG) from Buy to Hold and sets a $230 price target.

February 09, 2024 | 5:26 pm
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Asbury Automotive Gr was downgraded from Buy to Hold by Craig-Hallum analyst Ryan Sigdahl, with a new price target of $230.
The downgrade from Buy to Hold suggests a neutral outlook on the stock's short-term price movement. The setting of a price target at $230 indicates a specific valuation expectation by the analyst. However, the impact of such analyst ratings can vary, and while it may influence investor sentiment, the actual market reaction can depend on broader market conditions and company performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100