JP Morgan Downgrades Asbury Automotive Gr to Neutral, Announces $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has downgraded Asbury Automotive Group (NYSE:ABG) from Overweight to Neutral and set a price target of $230.
June 10, 2024 | 1:17 pm
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JP Morgan analyst Rajat Gupta downgraded Asbury Automotive Group (NYSE:ABG) from Overweight to Neutral and set a price target of $230.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in ABG's stock price. The new price target of $230 also suggests limited upside potential.
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