Morgan Stanley Maintains Equal-Weight on Group 1 Automotive, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley maintains an Equal-Weight rating on Group 1 Automotive (NYSE:GPI) and raises the price target from $260 to $285.
August 14, 2024 | 2:58 pm
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Morgan Stanley analyst Adam Jonas maintains an Equal-Weight rating on Group 1 Automotive (NYSE:GPI) and raises the price target from $260 to $285.
The raised price target from $260 to $285 by a reputable analyst at Morgan Stanley is likely to have a positive short-term impact on GPI's stock price, as it reflects increased confidence in the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100