Morgan Stanley Upgrades Group 1 Automotive to Equal-Weight, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas upgraded Group 1 Automotive (GPI) from Underweight to Equal-Weight and increased the price target from $200 to $255.

February 29, 2024 | 10:50 am
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POSITIVE IMPACT
Group 1 Automotive was upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $200 to $255.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley, accompanied by a significant increase in the price target, suggests a positive reassessment of Group 1 Automotive's market position and future performance. This is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100