Morgan Stanley Upgrades Asbury Automotive Gr to Equal-Weight, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Asbury Automotive Group (NYSE:ABG) from Underweight to Equal-Weight and increased the price target from $190 to $240.
September 25, 2024 | 1:46 pm
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Morgan Stanley has upgraded Asbury Automotive Group from Underweight to Equal-Weight, raising the price target from $190 to $240. This suggests a more positive outlook on the company's stock performance.
The upgrade from Underweight to Equal-Weight by Morgan Stanley indicates a shift to a more neutral stance, suggesting improved confidence in Asbury Automotive's performance. The raised price target to $240 reflects a positive outlook, likely boosting investor sentiment and potentially driving the stock price up in the short term.
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IMPORTANCE 80
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