Stephens & Co. Initiates Coverage On Penske Automotive Group with Equal-Weight Rating, Announces Price Target of $161
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. has initiated coverage on Penske Automotive Group with an Equal-Weight rating and set a price target of $161.

September 12, 2024 | 11:16 am
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Stephens & Co. has initiated coverage on Penske Automotive Group with an Equal-Weight rating and a price target of $161, indicating a neutral stance on the stock.
The initiation of coverage with an Equal-Weight rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $161 provides a specific valuation benchmark, but the neutral rating implies no strong expectation of significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100