JP Morgan Maintains Overweight on Group 1 Automotive, Raises Price Target to $420
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Group 1 Automotive (NYSE:GPI) and raises the price target from $360 to $420.
September 10, 2024 | 2:52 pm
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JP Morgan has increased its price target for Group 1 Automotive from $360 to $420 while maintaining an Overweight rating, indicating a positive outlook for the stock.
The increase in price target from $360 to $420 by JP Morgan, along with the maintained Overweight rating, suggests a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in GPI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100