JP Morgan Maintains Underweight on Penske Automotive Group, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Underweight rating on Penske Automotive Group (NYSE:PAG) but raises the price target from $135 to $140.
August 06, 2024 | 12:48 pm
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JP Morgan analyst Rajat Gupta maintains an Underweight rating on Penske Automotive Group (NYSE:PAG) but raises the price target from $135 to $140.
The Underweight rating suggests a cautious outlook, which may limit significant upward movement in the stock price. However, the raised price target to $140 indicates some positive expectations, balancing the overall impact to neutral.
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