JP Morgan Maintains Overweight on Group 1 Automotive, Lowers Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Group 1 Automotive (NYSE:GPI) but lowers the price target from $315 to $310.
May 02, 2024 | 4:32 pm
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JP Morgan maintains an Overweight rating on Group 1 Automotive but lowers the price target from $315 to $310.
The adjustment in price target by JP Morgan, while maintaining an Overweight rating, suggests a continued positive outlook on GPI but with slightly moderated expectations. 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 an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100