Morgan Stanley Upgrades Penske Automotive Group to Overweight, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Penske Automotive Group (NYSE:PAG) from Underweight to Overweight, raising the price target from $115 to $180.

September 25, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley has upgraded Penske Automotive Group from Underweight to Overweight, significantly raising the price target from $115 to $180.
The upgrade from Underweight to Overweight by a major financial institution like Morgan Stanley is a strong positive signal for investors. The substantial increase in the price target from $115 to $180 suggests confidence in the company's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100