Morgan Stanley Upgrades Group 1 Automotive to Overweight, Raises Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Group 1 Automotive (NYSE:GPI) from Equal-Weight to Overweight, raising the price target from $285 to $430.

September 25, 2024 | 1:48 pm
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Morgan Stanley has upgraded Group 1 Automotive to Overweight and increased the price target to $430, indicating a positive outlook for the stock.
The upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley suggests increased confidence in Group 1 Automotive's future performance. The significant increase in the price target from $285 to $430 indicates a strong positive outlook, likely leading to increased investor interest and a potential rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100