JP Morgan Maintains Overweight on Asbury Automotive Gr, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Asbury Automotive Group (ABG) but lowers the price target from $235 to $230.

May 02, 2024 | 4:07 pm
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JP Morgan maintains an Overweight rating on Asbury Automotive Group but reduces the price target from $235 to $230.
The adjustment in price target by JP Morgan, while maintaining an Overweight rating, suggests a continued positive outlook on ABG but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100